It aims to streamline access to secure funding as demand for regulated bridging grows
Specialist property finance marketplace Brickflow has launched regulated bridging finance on its loan sourcing and application platform, enabling intermediaries and their clients to compare loans from across the regulated bridging market and apply for secure funding efficiently.
Research has found that regulated bridging market has expanded in recent years as rising interest rates and a sluggish sales market have driven more homeowners to seek additional cash for purchases or to increase personal liquidity. According to Knowledge Bank, regulated bridging was the top search criteria for UK bridging finance brokers in the first quarter of 2024, accounting for 51% of all bridging loan searches, the highest since Q3 2020.
In response to market demand and feedback from over 200 brokerage and debt advisory firms using its platform, Brickflow now offers access to a network of FCA-authorised lenders, ensuring compliance and facilitates quicker access to secure bridging loans.
“The growth of regulated bridging shows no sign of slowing,” said Ian Humphreys (pictured), chief executive and founder of Brickflow. “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.”
Brickflow’s offering of regulated bridging finance provides enhanced security for borrowers, who benefit from the protections offered by FCA regulations. The platform streamlines the application process, saving borrowers time and resources. Additionally, access to a network of FCA-authorised lenders ensures competitive rates and flexible terms.
At launch, the platform includes eight regulated bridging lenders, including Together, Glenhawk, and Precise. These lenders join Brickflow’s panel of over 100 lenders, which also provide unregulated bridging loans, commercial mortgages, and development finance.
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