London Credit reduces bridging and commercial rates
Residential bridging loans now start from 0.75%.
"Our new development finance products, combined with reduced rates on residential bridging, semi-commercial, and commercial loans, are designed to help borrowers achieve their property goals."
- Marios Theophanous, credit manager at London Credit
London Credit has announced the launch of new rates across its specialist product range.
Residential bridging loans now start from 0.75%, semi-commercial loans from 0.80%, and commercial loans from 0.95%.
London Credit’s bridging finance products cater to loans ranging from £100k to £3.5m, with terms spanning from 3 to 18 months. The lender’s flexible solutions are designed to assist with various property investment needs, such as property refurbishment, auction purchases, and capital raising, with LTVs of up to 75% for residential properties.
Last month, London Credit launched a development finance pilot offering up to 70% LTGDV, which it will use to refine the proposition ahead of a full launch.
Marios Theophanous, credit manager at London Credit, commented: “At London Credit, we strive to provide innovative financial solutions.
“Our new development finance products, combined with reduced rates on residential bridging, semi-commercial, and commercial loans, are designed to help borrowers achieve their property goals.”
