Positive Lending offers cheapest UK bridging loan to 75%
By Bridging Loan Directory -
Bournemouth based specialist packager Positive Lending can now offer the UK’s cheapest bridging rate of 0.75% per month available to 75% LTV via Precise Mortgages. Positive Lending also pay introducers a 1.50% procuration fee with this product, 0.50% higher than applying direct.
Positive can also fund purchases up to 65% LTV at 0.70% via another lender.
Chris Fairfax, Managing Director, comments:
“Fierce competition within the prime bridging market is driving down monthly interest charges. Introducers can now obtain unprecedented low rates for clients and earn referral fees of up to 2% per case.
Alan Cleary, Managing Director Precise Mortgages, said:
” We continue to support the bridging market and work closely with members of our premier panel to help them source and package suitable business. It’s reassuring to see Positive Lending supporting the market too, their introducer fee is very generous.”