Why refurbishment bridging loans are usually quoted for 12 months

https://highstylife.com/why-uk-property-buyers-developers-and-investors-struggle-to-get-fast-finance-without-costs-spiralling/

1) How this list will save you thousands on a refurbishment bridging loan If you are planning to buy-to-let, flip a house or refurb an HMO, lenders will routinely price bridging loans as 12-month facilities