Ultimate Finance cuts bridging loan rates

By Bridging Loan Directory 9th September 2024

Specialist asset-based lender Ultimate Finance has reduced its Bridging Finance rates across its range of Bridging loans, now starting from 0.84%.

Head of Bridging Finance Liam Cavanagh said:

“We are committed to supporting the property industry and it is important to us that our offering remains competitive.

By working in partnership with our brokers, we reported £52m of new business in H1 and our bridging loan book reached £100m, its highest ever level.

We are certain that these reduced rates will allow even more property developers to benefit from the funding and support they need to meet their ambitions.”

With political certainty and stability now set, inflation levels much reduced and the Bank of England base rate cut, the lender is confident that it’s funding solutions will continue to prove valuable in the months ahead as specialist lenders continue to play a vital role in plugging the mainstream funding gaps.