Greenfield Capital reduces bridging loan rates
Greenfield Capital, the FCA regulated bridging lender has launched it’s new lowest rates to the market.
David Grant, pictured, Operations Director at Greenfield Capital said:
“We have listened to our introducers and borrowers and tailored our products around their requirements. We still believe that each case should be underwritten against its merits as one size does not fit all, so being flexible where necessary helps us maintain our competitive edge.
I am pleased to announce that since further widening our institutional funding we are in a strong position to offer what we believe to be very competitive products right at the sharp end of the bridging market.
Our residential FCA regulated and unregulated bridges have no exit fees, no serviceability requirements, no gimics and no bait and switch on agreed terms. People like our openness and honesty.
Monthly rates now start from just 0.65% pm for sub 50% LTV; 0.75% pm up to 60% LTV; and 0.85% pm up to 70% LTV. That said, if introducers call our BDMs they have even better terms available for introducers who refer larger volumes of business… it’s worth the call.
We still pay 1.5% in procs fees and can collect broker fees on behalf of the introducer too.
We value our introducer relationships, so I promise our BDMs will be hot on the phones updating them with our latest offering”.