Assetz Capital announces summer rate reduction of 0.45% across entire range

The promotion reduces the lender’s annual rates across its bridging, commercial mortgages/investment, SME secured, development finance and residential refurbishment products. To secure this promotional offer, borrowers must have accepted terms and paid fees to instruct professionals on the back of a valid decision in principle, prior to the end of July.

Mark Standley, national commercial director at Assetz, said: “We are delighted to make this promotion available to our brokers and their borrowers. The initiative is designed to help our brokers win more business as we are finalising our CBILS pipeline and launch a refreshed and sharper proposition across our traditional product sets following the pandemic.

“We are now supporting property secured loans up to 75% LTV between £150k and £10m on a wider range of solutions and competitive pricing, whilst retaining the same high standards of personal service and reliability. Direct feedback from our intermediary network has helped to shape our new proposition, and so a 45-basis point reduction until the end of July is our way of saying thank you.”