Specialist lender Century Capital has announced a 14 basis point rate cut across its Century PLUS product range, reducing first charge rates to 0.75% per month and second charge rates to 0.79%.
The lender, known for its activity in the prime and ultra-prime residential market, said the rate reduction marks a strategic shift towards supporting a broader range of short-term finance requirements. The Century PLUS range, which caters to residential properties across England, offers loans between £250,000 and £2.5m.
Luke Navin, managing director at Century Capital, said: “We are excited to announce these reduced rates for Century PLUS.
“This product range is designed to make our lending more accessible while retaining the tailored structuring and deliverability that brokers and borrowers have come to expect from us.
“With additional firepower from a recent funding round, we’re in a strong position to support a more diverse pipeline of deals.”
