Seneca Bridging has announced significant changes to its lending criteria, rates and fees.
Rates now start from just 1% across all residential and commercial products, including smaller sub £1m developments.
The new rates are available with immediate effect.
Mark Harrison, Head of Business Development, said:
“We are always striving to offer brokers a range of competitive options across our short term lending range and these changes come about after discussions with our key broker partners.
"By making these changes, we are confident that brokers will see us as their go-to choice lender for development finance, particularly smaller deals which the larger lenders tend to ignore.”