Ultimate Finance has reduced pricing on its development exit facilities and made enhancements to its bridging loan products.
Key updates include a price reduction for development exit facilities, now starting at 0.79% per calendar month.
Additionally, a new light touch refurbishment facility offers up to 85% gross loan to value on day one, providing immediate access to funds for property improvements.
Standard purchase and development exit products now feature limited personal guarantees for added flexibility.
Liam Cavanagh (pictured), head of bridging finance at Ultimate Finance, said: “These product improvements have come as a direct result of our relationship driven approach where we gain valuable insight from our key brokers on what their clients need which allows us to continually enhance our products to meet market demand.
“In such a competitive sector, our ambition is to write more business in this space, and we are confident these enhancements will allow us to support an increasing number of investors and developers across the UK.
“Our flexible funding facilities with a 5-star rated service will enable them to capitalise on growth opportunities and meet any challenges they may face.”
