LendInvest reports busy quarter for bridging applications

LendInvest has reported a record quarter for signed bridging applications in Q3 2020.

Bridging applications were up 65% year-on-year in the third quarter compared to the same period in 2019.

Justin Trowse, director of bridging at LendInvest, said: “It’s been a tremendous quarter for new short term lending business at LendInvest.

“Our pipeline is a record to date, and with the completion levels increasing month on month, we can only see this trend continuing into Q4 as property professionals seek to capitalise on the stamp duty Land Tax holiday ahead of its current withdrawal date in Spring 2021.”