Lending and applications grew in Q3 2025 after a slower Q2, according to the latest data from Bridging and Development Lenders Association (BDLA).
Completions reached £2.5bn from July to September, a rise of 9.6% on the previous quarter and 42% higher than the same period last year.
Applications went up to £11.4bn, an 11.8% increase on Q2.
Loan books hit another record at £13.7bn, up 4.3% in June and 51.6% higher than September 2024.
Total development loans written were £376.8m, lower than the £416.7m seen in Q2 2025.
Second charge loans completed stood at £155.2m, up from £135.4m the previous quarter.
Vic Jannels (pictured), CEO at BDLA, said: “This quarter’s figures underline the continued strength of the bridging sector.
“With completions climbing to £2.5 billion and loan books hitting another record high, it’s clear that demand for short-term finance remains strong and consistent.
“The macro-economic outlook may be uncertain, but there is plenty of reason to look forward with optimism at the BDLA.”
Jannels added: “We’ll soon tip over more than 100 members and we have just announced the appointment of Adam Tyler as our next CEO — a move that signals continued momentum and ambition for the Association and for the sector we represent.
“With a growing membership, a louder voice, and a clear focus on standards, education and engagement, we’re building strong foundations for the future.”
