West One Bridging Index
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The West One Bridging Index (WOBI) is a collection of data intended to measure the state of the UK bridging market. The UK bridging loan market is currently unregulated by the Financial Services Authority (FSA)and as a consequence the Government does not produce any official statistics on the bridging industry.
History
The West One Bridging Index was launched in 2011 by West One Loans.
Index Source Material
The West One Bridging Index is calculated and published every two months (six editions per year) and consists of gross and net lending figures, number of loans (calculated on a 3 month moving average) average loan sizes, 1st charge loan to value (LTV), monthly interest rate fluctuations and market predictions. It uses West One Loans’ management data, as well as statisics published by the Association of Bridging Professionals (AOBP) and other leading UK bridging loan lenders.
References
- Bridging market could hit £1.5bn by end of 2012 according to West One Bridging Index Mortgage Solutions November 2012
- The number of completed bridging loans fell 5% during the second quarter of the year, according to the West One Loans quarterly bridging index Mortgage Solutions August 2012
- The true size of the bridging market is analysed through the West One Bridging Index. Bridgingwatch - Rob Jupp - March 2012 Mortgage Strategy.
- Bridging loans have increased by 46pc since last year as more landlords prepare properties to enter the private rental sector according to West One Loans Quarterly Bridging Finance Index The Daily Telegraph October 2011
- UK Bridging loans industry continues to grow Bridging Loan February 2013
- Bridging lending up 14 per cent in Q3 October 2012
- Bridging loans set to reach £2bn by end of year FT Adviser May 2013
- Mortgage Solutions reporting August findings of the WOBI that gross bridging lending could top £2bn in 2013 Mortgage Solutions 23rd August 2013
Notes
Annual lending grows by 39 per cent since the second quarter of 2012, new index shows. FT Adviser August 2013
External links
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