August is traditionally the month for holidays but the property market didn’t take a break. Action from the Bank of England (BoE) and changing mortgage rates both had an impact on moving activity. In fact, high summer was a period of high interest among home movers.
Bridging loans have long been viewed as specialist products used by niche borrowers and those in distress but the finance sector has noted a new trend. The image of bridging loans has undergone somewhat of a rebrand and their appeal has become more mainstream.
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