Clydesdale Bank has reiterated its commitment to supporting buy-to-let landlords looking to invest in the PRS by announcing plans to focus more closely on its BTL and residential offering after withdrawing from the bridging market.
Following an eight-month pilot phase with a small number of broker partners, which focussed on light refurbishment bridging options, the lender has now confirmed that it will no longer offer bridging loans.
A spokesperson for Clydesdale Bank commented: “We can confirm we will not be extending our bridging loan pilot.
“We will continue to focus on our core propositions across the residential and buy-to-let market.
“All applications up to cob Monday 11th November will be honoured and supported through the pipeline to completion.”