The rate reductions apply to all products from £75,000 to £3m and cover everything from light property renovations to heavy refurbishment.
Seneca, which provides funding to HNW clients and SMEs, recently announced the hire of a new managing partner - founding Director Richard Manley.
Mark Harrison, Head of Business Development commented:
“As a privately funded, non status lender, we pride ourselves on our quick turnaround times."
“Seneca Bridging have an appetite to do more quality short term lending in 2017 and this rate reduction is confirmation of that and an endorsement of our commitment to the intermediary market.”
