COVID-19 pandemic affected many businesses across the world, especially the financial services sector in the UK last year. The bridging finance segment was no exception, which according to the latest figures from Bridging Trends fell by £278 million compared to 2019.
In total, bridging loans valued at £455 million were provided by the lenders incorporated in the Bridging Trends annual survey, down from the £732.7 million in 2019, or 38%.
Here is an infographic shows the general trends that shaped the UK bridging finance market in the year 2020.
Infographic Source: https://www.ukpropertyfinance.co.uk/news/bridging-sector-bouncing-back-after-278m-fall-in-2020/
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