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.”
Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions.
If any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals, then the post may be deleted and the individual immediately banned from posting in future.
Please help us by reporting comments you consider to be unduly offensive so we can review and take action if necessary. Thank you.
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment