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Adverse credit and maximum LTV among top bridging broker searches



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‘Adverse credit’ and ‘maximum LTV’ were two of the five most searched for terms by brokers for bridging finance in July, according to the latest Knowledge Bank tracker results.

The presence of ‘adverse credit’ in fourth place is the first time it has returned to the top five bridging search terms since August 2019.

Meanwhile, ‘maximum LTV’ kept its second spot from June, only beaten by ‘regulated bridging’, which remained the most popular term.

Brokers in the bridging sector have also been searching for ‘minimum loan amount’, potentially due to bridging loans being used for smaller projects, such as renovating a bathroom or light refurbishment to an investment property.

‘Maximum LTV’ dominated the commercial sector too, where it was the most searched for term, followed by ‘semi-commercial properties’, ‘minimum loan amount’, ‘commercial owner occupier’ and ‘mixed-use properties/part commercial’.

In the BTL sector, searches largely remained the same month-on-month, with ‘first-time landlord’ and ‘lending to limited companies’ keeping the top two positions.

The only change in July was the addition of ‘holiday lets', which placed fifth.

Matthew Corker, operations director at Knowledge Bank (pictured above), said: “The latest results from our criteria tracker suggests builders will be busy in the coming months, with renovation and building projects of high interest.

“The pandemic has changed the way many of us view our home, and also the use of office space and commercial property, and these changes are resulting in renovations and redevelopments.”

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