The UK's Bridging Loan Sector is Expected to Account for 1.7% of Total Residential Mortgage Gross Advances in 2010.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c46089) has announced the addition of UK Bridging Loans 2006 to their offering. Bridging loans are short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. secured loans, which are used under specific circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Despite being part of the UK mortgage market, bridging finance is the unknown relative of the sector. This report provides an overview of the bridging loan sector in the UK, covering market sizing, issues, competitive trends and includes a 5-year forecast in terms of gross advances. Scope of this title: -- Short overview of the bridging Loans sector in the UK focusing on the residential market -- Market sizing data relates to bridging finance for both residential and commercial properties -- Provides a 5-year forecasts in terms of gross advances Highlights of this title: Information about the size of the bridging loan sector is limited but one thing that is clear is that the sector is small. Estimates from the consultancy CIL (Common Intermediate Language) The ECMA version of the Microsoft Intermediate Language (MSIL). See CLI. 1. (project) CIL - Component Integration Laboratories. 2. (language) CIL - Common Intermediate Language. put the size of the bridging loan market at [pounds sterling]1.2 billion in terms of balances. The bridging loan industry has often been associated with a poor image. Indeed, the sector has received numerous criticisms in the past with regards to the prevailing high interest rates and the way some lenders operate. Undoubtedly, prices play an important role in the bridging loan market for differentiating one's products. However, how fast the bridging loan can be disbursed to the borrower is of utmost importance, given the circumstances under which a bridging loan is the suitable method of funding. Reasons to order your copy: -- Gain insight into the bridging finance sector in the UK -- Draw on our five-year scenario-based forecast to plan your future strategy with confidence Topics Covered Chapter 1. Introduction Scope of the report Who is the target reader? How to use this report Chapter 2. The bridging loan market in context Introduction A bridging loan is a type of mortgage Bridging finance is a short-term funding method A bridging loan carries a number of characteristics Bridging finance can be used in a number of situations The bridging loan market is small Bridging finance is estimated to account for [pounds sterling]1.2 billion in balances outstanding and [pounds sterling]2.5 billion in gross advances New lending was [pounds sterling]2.5 billion in 2005 Despite reportedly seeing significant growth, the market remains constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. by a number of factors The bridging finance industry has often been associated with a bad reputation Interest rates are high A lack of awareness from brokers is restraining RESTRAINING. Narrowing down, making less extensive; as, a restraining statute, by which the common law is narrowed down or made less extensive in its operation. distribution Gross advances in the bridging loan sector will reach [pounds sterling]5.6 billion in 2010 The bridging loan sector will account for 1.7 per cent of total residential mortgage gross advances in 2010 Chapter 3. Competitive dynamics Introduction Specialist lenders are the dominant players in bridging finance Specialist lenders account for 65 per cent of new business Few major high street lenders operate in the bridging loan industry Furthermore, it is unlikely that more mainstream lenders will enter the sector Lenders differentiate differentiate /dif·fer·en·ti·ate/ (dif?er-en´she-at) 1. to distinguish, on the basis of differences. 2. to develop specialized form, character, or function differing from that surrounding it or from the original. their products based on rapidity Many specialist lenders provide case studies to illustrate their rapid service Providing a fast service to intermediaries also plays an important part in lenders strategies Chapter 4. Appendix Definitions Balances outstanding CAGR CAGR See: Compound Annual Growth Rate Loan-to-value (LTV LTV See: Loan-to-value ratio ) Research methodology Relevant readings UK Mortgage Market Map 2006 Key Features For further information Reports European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. mortgage reports UK mortgage reports UK mortgage briefings Future readings Custom research capabilities Retail Banking Team contact details List of Tables List of Figures For more information visit http://www.researchandmarkets.com/reports/c46089 Source: Datamonitor Datamonitor is a provider of online database and analysis services. The company is based in the United Kingdom and also has offices in the United States, Japan, and other countries.[1] The Datamonitor team includes analysts and professional researchers. |
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