Rate Cuts and Simplified Products for Bridging Finance

Posted On: 08 Oct 2018

As part of our ongoing client care to seek out the best terms available within the marketplace, we have received an update this week from one of our panel lenders announcing changes to their bridging finance range. The key highlights of which are detailed below:

  • Rates have been cut across the full spectrum of their bridging finance range. Rates now start from 0.55% for Residential Bridging, Auction and Development Exit, whilst Commercial Bridging rates now start from 0.79%
  • Pre-construction has been removed from their range to make things simpler. Borrowers looking to obtain or enhance planning permission before building can now use Residential or Commercial Bridging
  • Finally, they have introduced a new Bridge to Term service for those who want the speed of a Bridging loan before switching to the security of a Buy-to-Let mortgage.

Please get in touch if you would like to know more whilst these attractive terms are still available.