London Credit has reduced rates across its residential bridging range by up to 10% per month, with pricing now starting from 0.55% pm.
The lender has cut rates across all residential LTV tiers up to 75%, providing brokers with sharper pricing for their property investor clients.
At the top end, 75% LTV pricing has reduced from 1.00% pm to 0.90% pm, while rates now start from 0.55% pm at 50% LTV.
London Credit provides bridging loans from £150,000 to £4m on residential, commercial and semi-commercial properties across London and throughout England, with terms ranging from 3 to 24 months. Loans can be used for a variety of purposes, including auction purchases, refinancing and capital raising, with residential lending available up to 75% LTV.
Marios Theophanous (pictured), credit manager at London Credit, commented: “Pricing matters, but certainty matters more. Brokers need to know that when they submit a case, they’ll get a clear answer quickly and that we’ll deliver on what we agree.
“These rate reductions strengthen our residential proposition, but our core focus remains the same - direct access to decision-makers, pragmatic underwriting and funding that completes on time. That combination of competitive pricing and dependable service is what helps brokers win business in a competitive market.”
