Bridging lending and application volumes both returned to growth in Q3 following a slight cooling in the previous quarter, new figures from the Bridging & Development Lenders Association (BDLA) have revealed.
Completions totalled £2.5bn in the three months to the end of September, representing a 9.6% increase on Q2, and 42% jump on the same period last year.
Applications also grew to £11.4bn, marking an 11.8% quarterly rise and continuing the year-on-year upward trend.
The BDLA reported that the total value of lender loan books climbed for a third consecutive quarter, reaching a record £13.7bn, a figure up 4.3% on the end of June and 51.6% higher than September 2024.
Total development loans written reached £376.8m, compared to £416.7m during Q2 225, while the value of second charge loans completed was £155.2m, an increase from £135.4m the previous quarter.
CEO of the BDLA, Vic Jannels, said the latest quarterly figures underline the “continued strength” of the bridging sector.
“With completions climbing to £2.5bn and loan books hitting another record high, it’s clear that demand for short-term finance remains strong and consistent,” Jannels added.
“The macroeconomic outlook may be uncertain, but there is plenty of reason to look forward with optimism.”
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