This represented a slight drop of 0.6% from the second quarter of 2018, while applications also fell by 3.3%.
The value of loans written by ASTL members reached £3.98bn in the third quarter of 2018, an increase of 12.6% from the same quarter last year.
This represented a slight drop of 0.6% from the second quarter of 2018, while applications also fell by 3.3%.
On a long-term basis bridging activity is on the up however, as the value of loans written in the year to 30 December 2018 is 21.2% higher compared to the year before.
Benson Hersch, chief executive of the ASTL, said “Figures for Q3 2018 show an ongoing year-on-year upward trend.
“Our members continue to provide flexible and useful services to customers who require finance for a whole range of purposes.
“Despite current political and economic uncertainties, lenders are very much doing business as usual.”
