Colenko cuts rates following funding line expansion

By Bridging Loan Directory 8th June 2026

Colenko has reduced rates across its lending range, with residential bridging loan rates now starting from 0.71% per calendar month.

The lender has also introduced rate reductions across its refurbishment and ground-up development products.

The changes follow agreed increases in Colenko’s wholesale funding facilities with Shawbrook Bank and Renaissance Asset Finance.

Colenko said investment in AI-assisted underwriting and workflow automation has helped improve operational efficiency, reduce processing costs and support scalability across its growing loan book.

Liam McGall of Shawbrook Bank commented:

“We’ve been impressed by Colenko’s practical and focused use of AI to solve real operational challenges within specialist lending, while continuing to maintain strong underwriting standards and credit discipline.”

According to Colenko, its technology automates elements of underwriting and case management, including document analysis, fraud detection, case summarisation and risk assessment.

The lender said some of the greatest efficiencies have been achieved within refurbishment and ground-up development lending, where its systems assist with reviewing schedules of works, construction budgets and planning documentation.

Colenko said the resulting operational efficiencies are now being passed on to borrowers through more competitive pricing across its product range.