London Credit has announced new rate reductions of up to 72 basis points per annum across its semi-commercial and commercial bridging products.
The cuts apply to both 65% and 60% loan-to-value (LTV) tiers on commercial deals, and 70% and 65% LTV on semi-commercial products, forming part of the lender’s latest Summer Offer.
The offer, which follows earlier reductions made in June, is aimed at providing brokers with greater affordability and flexibility when supporting clients needing short-term finance for mixed-use and commercial property transactions.
Marios Theophanous, credit manager at London Credit, said: “We have noticed an increase in demand for bridging loans to support the purchase and refurbishment of mixed-use and commercial properties.
“In response, we are introducing our Summer Offer, which gives brokers even sharper rates across our semi-commercial and commercial range, with cuts of up to 72 basis points per annum. In practical terms, this could mean lower costs for borrowers managing larger projects or working to tight timelines.”
He added: “As always, our focus is on giving brokers direct access to our decision-makers and keeping the process clear and consistent from start to finish. These new rates help us stay competitive while offering reliable funding that meets the pace of the market.”
The revised rates are effective immediately.
