Leicester, Leicestershire -- (SBWIRE) -- 11/02/2016 -- Following a rather significant summer lull, bridging loan activity across the United Kingdom has once again bounced back to health. Third quarter performance proved better than expected, suggesting that borrowers are once again growing in confidence in the wake of the Brexit vote.

Specifically, £140.49 million was lent in the form of bridging loans during the third quarter of 2016. This represents a 12% leap from loan activity in Q1 and 6.6% higher than the same period in 2015. More importantly, Q3 performance eclipsed that of Q2 by a whopping 54%, due to widespread concerns as the dust settled following Britain's vote on its EU membership.

A Faster Financial Solution

"If you want to raise funds quickly on a commercial property already owned or for the purchase of a commercial property that you are looking to buy, then a commercial property loan could be the ideal solution for you. Commercial mortgages due to their complex nature are notoriously much slower to arrange and complete than residential mortgages. This makes the use of commercial bridging finance in this sector much more relevant. A commercial bridging loan can be arranged and paid out often before a lender being used for longer term finance has even started to review the case." – UK Property Finance

According to the team at UK Property Finance Ltd., more consumers and commercial developers alike than ever before are actively considering bridging loans. Dissatisfied with the prohibitively expensive and difficult-to-secure financial products of conventional lenders, intelligent alternative financial products are becoming the new norm.

Flexible Financial Products

"Bridging loans can be used for many purposes and are not only limited to purchasing property. They have in the past been used for capital raising to pay tax bills or for numerous business reasons however the security for the loan must be UK property or land. The main difference between Bridging Loans and general loans is that there are no regular repayments to be made. Bridging Loans are short term secured loans where the funds and any interest charged are repaid in full at the end of the term." – UK Property Finance

According to UK Property Finance, it is the sheer flexibility and value for money offered by bridging loans that has resulted in such widespread interest. Though primarily used in property purchase and development, they can technically be used for almost any important purpose, including:

- Business Funds: short-term working capital
- Auctions: purchasing bargain property at auction
- Temporary cash-flow problems: when cash is required urgently
- Tax Liabilities: finance unexpected tax bills
- Property Refurbishment: upgrade residential or business premises
- Buy-to-let: making the most of every investment opportunity
- Moving House: temporary funding to move quickly

About UK Property Finance
UK Property Finance is a fully independent, FCA regulated organisation specialising in intelligent financial products and advice for property buyers and developers. The company also operates bridgingloans.co.uk, which is Britain's leading name in the arrangement and brokerage of intelligent financial solutions. Though newly formed, this dynamic group of businesses has already earned a strong reputation up and down the UK among private property buyers and commercial developers alike.