6 FIBA
The need for speed is clear
Bridging lenders need to pick up the pace
PARESH RAJA CEO , MFS
We , as lenders , need to speed up . According to EY ’ s most recent UK bridging market survey , it ’ s taking longer for brokers to receive the funding they need for their clients .
On average , the days taken to complete on loans over the past 12 months has been over 45 for 46 % of the respondents . This was the highest result seen within this timeframe since 2019 , where just 11 % of loans took over 45 days to be issued .