Crystal Mortgages announces lower bridging rates

Standard buy-to-let, light refurbishment and bridging loans now start at 0.65%, with finance available from £100,000 to £1,000,000 over a period of one to 18 months.

Commercial bridging loans are available from 0.7%, with loan sizes available from £25,000 to £10,000,000 over a term of three to 18 months.

The maximum loan-to-value for both products is 75%.

Crystal Mortgages has access to a full range of bridging finance products with free valuations on selected properties, no exit fees on selected products, terms up to 24 months and completions in 24 hours.

Joe Breeden, director at Crystal Mortgages, said:

"We review rates every day to ensure we have access to the most competitive commercial finance options in the marketplace, and the new bridging loan figures show just how quickly we can adapt to conditions.

"Bridging finance remains the backbone of our company and we are immensely proud of the team and the product range, that said we will continue to push boundaries and adapt to retain our excellent reputation and market leading position."