Bridging rates to be fixed for loan term
May 16 2019
From today, bridging loan interest rates for new applications will be fixed, rather than linked to LIBOR, for the duration of the agreed loan term. As before, no early repayment charges will apply.
The change follows broker feedback and offers borrowers more certainty, helping them to plan projects more effectively.
Our bridging proposition offers fixed rates starting from 0.44% per month, and loans up to 75% gross LTV.
Our dedicated underwriting, completion and legal teams are on hand to provide fast, flexible finance in a range of situations, including developer exit and heavy refurb.
Full details of our bridging range can be found in our product guide.
Alternatively, you can call the broker sales support team or contact your senior business development manager here.