Inspired Lending cuts bridging rates

Inspired Lending has announced rate reductions across its product range, with new pricing now starting from 0.79% per month, down from the previous minimum of 0.89% per month.

The change takes effect immediately and applies to all new lending.

The new rates are designed to appeal to a greater number of investors and developers with less complicated transactions seeking short-term funding for purchases, refurbishments, and capital raising.

Inspired Lending also recently introduced a flexible funding facility designed for property professionals with existing portfolios who need structured, relationship-led funding rather than an off-the-shelf product.

Gavin Diamond (pictured), CEO of Inspired Lending, said: “Our introducers are recommending us to more and more borrowers with straightforward, lower LTV deals and we feel there is an opportunity to attract even more of this type of business.

“This rate cut is a reflection of our appetite to provide more of these types of borrowers with access to our pragmatic, solutions-focused approach.”