Ultimate Finance cuts bridging rates
Specialist asset-based lender Ultimate Finance has announced that it has reduced rates on its bridging loans.
The lender's range of bridging loans now start from 0.84%.
Head of Bridging Finance Liam Cavanagh said:
“We are committed to supporting the property industry and it is important to us that our offering remains competitive. By working in partnership with our brokers, we reported £52m of new business in H1 and our Bridging loan book reached £100m, its highest ever level. We are certain that these reduced rates will allow even more property developers to benefit from the funding and support they need to meet their ambitions.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
This week's biggest stories:
Iress
Iress expands mortgage and protection distribution through new Access FS platform
FCA
Advice firm employees plead guilty after defrauding clients of £2m
Inflation
Inflation rises to 3.5% as mortgage rates outlook shifts
Atom Bank
Try Mortgage Network adds Atom Bank to residential mortgage panel
FCA
MPs call for investigation into FCA's treatment of whistleblowers
Mortgage Rates
Average five-year fixed rate mortgage hits 6%
