Commercial Acceptances introduces 0.99% rate

At just 0.99% per 30 days the new rate will be one of the most competitive in the bridging market and comes with no hidden fees.

Available on loans up to £3.5 million, the product has a £200 administration fee regardless of loan size but is free of any arrangement, redemption or early repayment charges. The effective APR is 12.4%.

Commenting on the launch, director Daniel Hertz, says:

“The time is right to introduce this exciting, market leading rate. This rate will maintain our position as one of the most innovative and customer-led providers of short term, asset backed finance to the property sector.

“This is the real deal for property professionals. There are no hidden fees or penalties so what you see is what you get. It’s a commencing rate of 0.99% for 30 days which will increase or decrease in line with 3-month LIBOR.

"This new rate means that clients can take advantage of competitive finance that can be transacted quickly giving them the opportunity to find and cement deals swiftly.”

As is customary, it is the responsibility of the client to bear the cost of any valuation and legal costs. These are levied at £1 per ‘000 and 0.35% of loan value respectively, plus VAT. Professional fees for larger deals are subject to negotiation.

As a principal lender supported by its parent company Close Brothers Group plc, the specialist financial services group, CA prides itself on providing fast finance at competitive rates. With the launch of its 0.99% rate, CA just got even more competitive.