
London Credit cuts development rates and launches new Prime Development offering
The lender has reduced rates across its mainstream development range by 1% per annum.

The lender has reduced rates across its mainstream development range by 1% per annum.

London Credit has reduced rates across its semi-commercial bridging range, with pricing now starting from 0.80% per month and maximum LTV rates cut to 0.92% per month.

London Credit has enhanced its commercial lending proposition by increasing maximum leverage and reducing rates across its range.

Mortimer Street Capital has secured a £3.6m commercial refurbishment facility with London Credit to support the redevelopment of a commercial asset in the Cambridge innovation corridor.

The updated range, which is available across residential, semi-commercial and commercial properties, provides brokers with broader funding options for clients.

The new option allows borrowers to make monthly interest payments during the loan term rather than rolling up interest or having it deducted at the outset of the loan.

London Credit has reduced residential bridging pricing by up to 0.10% per month, with rates now starting from 0.55% pm and 75% LTV down to 0.90% pm.

The seller required urgent completion to redeem an existing loan with a mainstream bank, making speed and certainty of funding essential.

Jones-Trutwein said: “It’s great to be joining a lender that prioritises relationships and gets deals done without unnecessary delays.”

London Credit has been named a finalist in the sub-£1bn bridging lender category at the 2025 Alternative Credit Awards, recognising its broker-focused approach.

The mixed use scheme had a total GDV of approximately £4m and the borrower approached London Credit to refinance an existing loan.

London Credit has introduced rate reductions of up to 0.72% across its semi-commercial and commercial bridging products as part of a new Summer Offer.
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