GB has found that application volumes are up by 37% with loan completions up by 46% on the same period last year and there does not appear to be any let up in demand.
Over the coming months GB will be looking at ways in which they can continue to grow the level of the bridge book by developing new and market leading products.
Gary Gardner, director said, “We have seen a 46% increase in business volumes so far this year and this trend looks set to continue. The increased levels of bank funding will enable us to continue to offer a truly flexible range of bridge products to our customers. Our team of experts have worked tirelessly over the last 12 months in promoting the numerous uses of bridge finance and I believe that this educational approach to bridge has contributed to our growing business. It has also enabled some of our customers to capitalise on some of the opportunities the ‘credit crunch’ has made within the property sector.”
