Britain’s bridging loan woes rattle US private credit firms
High-octane area of mortgage market under scrutiny following messy collapses
Related reading
How lenders missed red flags on MFS’s ‘refinancing merry-go-round’
Collapse of UK bridging loan specialist has sent reverberations across Wall St amid fears of weak underwriting standards
The UK’s rich tap their social circles to borrow millions quickly
Property and other assets are being used as collateral in fast private loans for those who have little cash on hand
Private credit funds strained as borrowing costs edge higher
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending
The bridge that bursts Britain’s public spending myths
Investment is a long game that does not transform the immediate growth outlook, and cuts are difficult
UK regulator pushes private credit groups to share more data
Fast-growing market comes under greater scrutiny for potential risks after series of setbacks
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn