Re: CML in discussion with bridging finance providers
About two or three years ago when we started to see a rise in the number of companies specialising in Bridging Loans I was concerned. The reason for this, as I have come from a banking background, bridging was always seen as a last resort. My worry was that not unlike other forms of credit it would be used inappropriately and end up costing the consumer.
Any additional regulation of this sector should be welcomed and as always the good providers have nothing to fear from tighter regulation (except perhaps the costs involved).
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