BDLA reports slowdown in bridging activity
Q2 lending data from the Bridging & Development Lenders Association (BDLA) reported falling applications, completions and loan book values across both bridging and development finance. Bridging applications worth £7.3bn were made in Q2, down 26.3% from Q1. Furthermore, completions totalled £1.6bn in Q2, a reduction of 15.2% compared with last quarter. Total reported lender…