London Credit has increased the maximum LTV for its semi-commercial bridging loans from 65% to 70%, alongside a shift to open market valuations (OMV) rather than 180-day valuations.
The move is designed to give brokers and their clients access to higher leverage, making it easier to secure funding for purchases, refinancing, or investment opportunities within the specialist lending market.
Marios Theophanous, credit manager at London Credit, said: “Brokers need accessible lending solutions to meet the requirements of their clients.
“That’s why London Credit has increased the maximum LTV for semi-commercial properties to 70% and introduced open market valuations.
“These enhancements provide brokers with the opportunity to secure greater leverage for their clients on semi-commercial property assets, whether it’s for purchases, refinance, or investment opportunities.”
