Ultimate Finance reduces bridging rates

Ultimate Finance has announced a pricing reduction across its bridging finance range.

Standard purchase and development exit bridging rates now start from 0.79% per month, with light refurbishment rates from 0.89% and medium refurbishment rates from 0.94%.

The lender offers decisions in principle within 24 hours and fully credit backed offers in 72. The move also follows continued expansion of the lender’s bridging finance team, with two new case managers joining the team in September to support increasing volumes. 

Liam Cavanagh, head of bridging finance at Ultimate Finance, said: “Our price reduction is a direct result of the incredible partnerships we have built with our broker network and understanding the market. We’ve listened closely to feedback and sharpened our pricing to give clients even more confidence to move quickly on the right opportunities.

"Our commitment to supporting developers and investors is unwavering — and today’s announcement shows that we’ve got the funding solutions, flexibility and relationship-based service model that our brokers, developers and investors can rely on”.