Bridging Loans - Not quite as good as they were?

Bridging Loans being heavily marketed

I have been receiving an awful lot emails from new web sites and lenders pushing the virtues of short term bridging loans. They are all putting out the same message, telling me how good they are and encouraging people like IFA's to introduce new business to them.

As an established commercial finance broker we are well aware of the value bridging finance can offer to potential users and of course the dis-advantages of short term finance. When it's right for our customers then a commercial bridge will be offered as the best option.

So why might Bridging Finance not quite be as they were?

Well along side all this marketing more than one Bridging Lender has quietly reduced the Loan To Values they now offer. Indeed one that was ahead of the pack has dropped right back into the middle, perhaps even lower end when the prices rises for lower geared loans are taken into account.

So the credit crisis slowly rolls quietly out into the market place, but there is a glimmer of hope, that is if confidence in property is the key to salvation. I've just read that property prices in central London have grown by 7% over the last quarter, so perhaps things are not as bad as they seem!