Brickflow launches regulated bridging
Brickflow, the UK’s marketplace for specialist property finance, today announced the launch of regulated bridging finance on its loan sourcing and application platform. The addition provides intermediaries and their borrowers with a fast, efficient way to compare loans from the breadth of the regulated bridging market, and apply for secure funding.
The regulated bridging market has continued to grow in the last few years as rising interest rates and a slow sales market have led to a greater number of homeowners seeking additional cash to secure purchases, or increase personal liquidity.
Data provided by Knowledge Bank reveals that regulated bridging was the top criteria search made by UK bridging finance brokers in the first quarter of 2024, with regulated bridging accounting for 51% of all bridging loan searches, the highest it’s been since Q3 2020.
Brickflow has responded to demand from both the market and the 200+ brokerage & debt advisory companies already using the platform, by offering its users access to a network of FCA-authorised lenders, ensuring compliance and facilitating faster access to secure bridging loans.
Ian Humphreys, Brickflow’s CEO and founder, comments: “The growth of regulated bridging shows no sign of slowing. A sticky sales market has increased the potential for chain break scenarios, and therefore the demand for bridging loans to enable onward transactions has also risen. By strengthening our suite of bridging finance with regulated loans, we’re equipping intermediaries and their clients with the access and flexibility to secure time-sensitive opportunities.”
Offering regulated bridging finance on Brickflow brings several key benefits to its users:
- Enhanced Security: Borrowers benefit from the protections offered by FCA regulations.
- Streamlined Process: Brickflow’s platform simplifies the application process, saving borrowers valuable time and resources.
- Extensive Network: Access to a network of FCA-authorised lenders ensures competitive rates and flexible terms.
At the time of launch, the platform already has 8 leading regulated bridging lenders on board, including Together, Glenhawk and Precise, which sit on its lending panel comprising over 100 lenders, also providing unregulated bridging loans, commercial mortgages and development finance.
