As lockdown restrictions have begun to loosen and more activity returns to the market we have decided to refresh our bridging finance range.
We kept lending throughout the lockdown, completing pipeline deals and originating and quoting on new loans. Working through the challenges has helped us to understand the market, and keep well informed on what your customers have been looking for.
Download Product guide here.
Here is a quick look at the new changes:
- LTVs are rising across all of our bridging products, with 75% available on residential bridging, auction finance and bridge-to-Let
- Development Exit and Semi-Commercial mortgages will be available up to 70%
- Commercial and Land bridging is available up to 65%
- Rates now start from as low as 0.55%
For the time being, our published rates for 75% LTV on residential bridging, auction and Bridge-to-Let mortgages are available for loans up to £500,000. For bigger loans please contact your BDM to discuss the details to get a quote.
Bespoke pricing for our higher LTV bands for Development Exit, Semi-Commercial, Commercial and Land products are also available by speaking to your BDM.
Director – Bridging