Glenhawk has cut monthly rates across its regulated bridging loans to their lowest ever levels.
The lender has dropped rates by up to 0.03% for borrowers looking to secure finance against their main home.
The 75% and 70% loan-to-value (LTV) products are now available at a 0.69% monthly rate, down from 0.72%.
The 65% to 50% LTV range has dropped to 0.61% monthly, from 0.64%.
Glenhawk has also launched second charge bridging loans on its regulated prime product, capped at 70% LTV, to support borrowers in chain break situations.
Nick Hilton (pictured), director of lending at Glenhawk, said: “Despite broader macro volatility, downward trending interest rates have driven improved sentiment, which is underpinning growing appetite from borrowers looking to invest in their primary residence.
“Our unique funding structure means we are able to be more competitive than nearly all of our competitors, whilst providing borrowers and brokers with the certainty that transactions can be financed to support a critical refurbishment or exit within their required timeframes.”
