"Following conversations with our brokers it was clear that there has been a real shift in the market these past few months. "
The new rates are available across all asset types including residential, mixed-use and commercial, with terms usually being offered within 30 minutes of the application.
Key features of the new product include gross LTV capped at 70%, a minimum loan size of £100,000 and a maximum loan size of £5M with exceptions to be considered on a case by case basis
Will Matterson, BDM at Bridge Invest, said: “Following conversations with our brokers it was clear that there has been a real shift in the market these past few months. As bridging has become more mainstream, borrowers are becoming more rate sensitive. Our new rates allow us to remain competitive within the ever-growing market but without needing to sacrifice any of key principals.”
Ronak Ruparell, co-founder and CEO, added: “We have already completed two loans at these new rates. It’s not just about lower rates though. Our common-sense approach to lending, enables us to make quick and simple decisions. Couple that with a relationship-driven approach, our clients receive a seamless service throughout the whole loan process – from enquiry to completion.”
