Bridging and development lender Fiduciam has cut interest rates on its bridging and development loans across the UK and Europe.
Rates on bridging loans have dropped by 0.95% in the UK, 1.56% in Spain, 1.35% in Germany, and 1.95% in Ireland.
Bridging loan rates from Fiduciam now start at 9.09% in the UK, 9.60% in Spain, 9.60% in Germany, and 8.67% in Ireland.
Meanwhile, development loan rates have been reduced by 1.02% in the UK, 0.92% in Spain, 0.98% in Germany, and 1.64% in Ireland.
Development loan rates start at 9.94% in the UK, 9.60% in Spain, 9.96% in Germany, and 9.52% in Ireland. All loans are offered with fixed interest rates.
Johan Groothaert, CEO at Fiduciam, said: “We are pleased to offer lower interest rates, helping our clients access more competitive bridging and development finance for both residential and commercial real estate, and reinforcing our commitment to providing flexible, cost-effective solutions that meet their evolving needs.
“This solution-driven approach, combined with up to 70% loan-to-value, 90% loan-to-cost and fast turnaround times, makes many clients choose Fiduciam over traditional bank lenders.”
