Greenfield Bridging cuts bridging loan rates

By Bridging Loan Directory 12th August 2024

Greenfield Bridging has launched a new, lower bridging loan rate.

Greenfield Bridging is committed to supporting brokers, so as of Monday, August 12th, at 9:00 a.m., it has launched a new, lower headline rate.

Greenfield Bridging is encouraging brokers to get in touch for more details.

At Greenfield Bridging, brokers can expect to have a single point of contact with a mandated BDM qualified to make a decision within one hour and will only proceed if it’s right to do so.

If a client’s usual financial options have become limited, a BDM can discuss the full details of a bridging loan to aid any client discussions on suitability.

Bridging loans are often used to support auction purchases, avoid chain breaks where a property sale falls through, and for refurbishments.

Richard Keen, National Sales Manager, Greenfield Bridging, commented:

“The bridging market is set to continue growing into 2025, and we’re determined to support our brokers and their clients with the best possible value.

Our new lower rates further close the gap between traditional mortgage rates and bridging loans, providing a broker’s clients with more options for property purchase and refurbishment.”