Oblix Capital cuts rates across bridging range

Highlights of the reduction include a 0.05% decrease on its 75% LTV residential bridging rate. In addition, both commercial and semi-commercial bridge products have had a rate reduction across every loan-to-value size.

The reductions follow a period of growth which saw the firm secure a new funding line with One Savings Bank, grow its pipeline and expand into a larger office premises.

Andy Reid, sales director at Oblix Capital, commented: “As a business, we are currently undergoing a very strong growth period and our latest investments into a brand-new offices along with a full rate reduction underpins our ambition to be a long-term partner for our clients and intermediaries.

“We are constantly reviewing our products and services to ensure we consistently support our partners projects and growth plans in the best way possible. This rate reduction will also be a timely boost considering the recent base rate increases.”