Specialist finance marketplace Brickflow has added regulated bridging finance to its loan sourcing and application platform.
This will allow intermediaries using the Brickflow platform to access and compare loans from the regulated bridging market and apply for secure funding.
Brickflow said the regulated bridging market had grown in the last few years as rising interest rates and a slower sales market led more homeowners to seek extra cash to secure purchases or increase their finances.
According to data from Knowledge Bank, regulated bridging was the top criteria search in the first quarter of 2024, accounting for 51% of all bridging loan searches.
This was the highest level of searches for this kind of finance since Q3 2020.
Brickflow said this change would give borrowers more security through protections offered by Financial Conduct Authority’s (FCA’s) regulations, streamline the process for borrowers and offer access to lenders authorised by the regulator.
Brickflow already has eight regulated bridging lenders on its platform, including Together, Glenhawk and Precise. They sit alongside more than 100 other lenders who provide unregulated bridging loans, commercial mortgages and development finance.
Ian Humphreys, CEO and founder of Brickflow, said: “The growth of regulated bridging shows no sign of slowing. 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.”
In June, Brickflow struck a deal with Together to widen its users’ access to commercial finance.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
