Ultimate Finance has introduced rate reductions across its bridging finance range, reflecting the lender’s appetite to back more bridging transactions and support property developers.
As part of the reductions, the lender’s Standard Purchase and Development Exit Bridge will be available from from 0.79% per month.
In addition, its Light Refurbishment Bridge is now available from 0.89% per month, while the Medium Refurbishment Bridge product is available from 0.94% per month.
The move also follows continued expansion of the lender’s bridging finance team, with two new case managers joining the team in September to support increasing volumes.
Liam Cavanagh (pictured), head of bridging finance at Ultimate Finance, said: “Our price reduction is a direct result of the incredible partnerships we have built with our broker network and understanding the market.
“We’ve listened closely to feedback and sharpened our pricing to give clients even more confidence to move quickly on the right opportunities.
“Our commitment to supporting developers and investors is unwavering — and today’s announcement shows that we’ve got the funding solutions, flexibility and relationship-based service model that our brokers, developers and investors can rely on.”
