Reduced rates announced for residential, semi-commercial, and commercial bridging
Bridging finance provider London Credit plans to introduce updated product rates and a new development finance offering at the Finance Professional (FP) Show later this week.
The firm will be at the single-day event on November 8 at Olympia London, where brokers and industry professionals can learn more about its expanded product portfolio, including newly launched development finance options.
In advance of the show, London Credit has rolled out reduced rates for several key products. Residential bridging loans will now start at 0.75%, semi-commercial loans at 0.80%, and commercial loans at 0.95%. These updated rates, the lender said, are designed to offer short-term financing options for clients needing immediate capital or seeking to leverage new property opportunities.
🎉 We’re gearing up for the #FinanceProfessionalShow2024!
— London Credit (@LondonCredit) October 15, 2024
Catch #LondonCredit at Stand B1 on November 8th at Olympia London. Dive into our customized bridging finance solutions and unlock new possibilities for your business.
👉 Register here: https://t.co/Gn6d1ejpQk pic.twitter.com/8bd887c8IB
In addition to rate reductions, London Credit will introduce its new development finance proposition at the FP Show. Currently in a pilot phase, this product is being tested with a select group of development schemes, with plans to expand its availability in the coming months.
The company’s bridging finance products cover loans ranging from £100,000 to £3.5 million, with terms of three to 18 months. Loan-to-value ratios reach up to 75% for residential properties, and the financing options are aimed at diverse investment needs, including property refurbishments, auction purchases, and capital raising.
“At London Credit, we strive to provide innovative financial solutions, so we cannot wait to announce our forthcoming product launches at this year’s Finance Professional Show,” said Marios Theophanous (pictured), credit manager at London Credit.
“Our new development finance products, combined with reduced rates on residential bridging, semi-commercial, and commercial loans, are designed to help borrowers achieve their property goals.”
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