Bridging loans rise along with bankruptcy levels

Milner, Leah
April 2007
Mortgage Strategy;4/9/2007, p17
Trade Publication
The article reports on the increase in the demand for bridging loans as the levels of bankruptcy also increases in Great Britain. According to Affirmative Finance, over 100,000 people experienced bankruptcy in the region for 2006 while almost 30,000 have declared insolvency just for the period between January and March 2007. It is claimed that bridging finance can be used by brokers to avoid clients' bankruptcy proceedings or to clear their outstanding debts.


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