Avamore publishes its first industry report

The specialist bridging and development lender has collaborated with brokers from across the sector with the report covering development finance and the unregulated bridging market.

Figures include the average LTV, LTC and loan life seen across the market during H1.

The figure that Avamore believes will spark the most interest is the average interest rate for development finance, which is around 0.7% pcm or 8.5% pa. 

Brokers highlighted that pricing was set to remain relatively consistent for both bridging and development, while there were some interesting thoughts on what new products were likely to come into the market.

Respondents felt there was a clear need for more bridge to development products and greater flexibility with borrowers looking to use the same lender from acquisition all the way to completion.

Avamore also offered its own insights into H2 trends and covered such topics as construction costs, predictions for the sales cycle and whether more mergers would be expected to take place between bridging finance providers.

The report is part of the lender’s commitment to contributing education and thought leadership to the industry and it hopes it will be a useful guide to developers and brokers for the second half of the year.

To read the full report, visit Avamore’s website.

Pictured above: Michael Dean, principal at Avamore Capital