Bridging applications saw a 55.3% uptick on the previous quarter, marking an unprecedented spike in demand.
Meanwhile, new bridging loan completions totalled £2.8bn in Q1 2025, matching the record set in Q4 2024.
“Q1 is traditionally the quietest quarter of the year, so to maintain the record completion levels seen in Q4 2024 is a strong indicator of continued resilience in the market,” said Vic Jannels, CEO at the BDLA.
“The sheer scale of the rise in applications is striking and, if even only a portion of these applications convert, we could see lending volumes reach new heights over the next two quarters.
“The total value of loan books in Q1 remained relatively unchanged compared to the previous quarter.
“However, it is worth noting that, as we have welcomed new members to the BDLA over recent months, the total loan book size of our lender members has swelled and is now just under £13bn.”
According to the BDLA data, the average loan size was £540,000 during Q1.
Regulated bridging saw a quarter-on-quarter increase of 23%, reaching £398m and making up 14% of total lending.
Development lending remained stable at £516m.
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