Inspired Lending has reduced its bridging finance rates across several product lines following increased funding support from the Pears family.
First-charge bridging is now available from 0.75% per month, down from a previous floor of 0.79%. Second-charge bridging, heavy refurbishment, semi-commercial and commercial lending now all open from 0.85% per month, with the new pricing available immediately.
The additional backing from the Pears family allows Inspired Lending to offer the reduced rates while maintaining its private funding model, which operates without senior debt. The lender says it will continue to price according to risk, meaning stronger cases remain able to secure more competitive terms.
Gavin Diamond, chief executive of Inspired Lending, said the rate reductions were designed to extend the lender's reach without altering its underwriting approach.
"Brokers have always valued our flexible approach, but we also know that price can play an important part in a borrower's final decision. These reductions put us firmly in the mix for a broader range of cases.
"Crucially, we have achieved that without changing the way we lend. Our funding model still gives us the freedom to assess each case on its merits and find ways to make good deals work.
"For brokers, it means stronger pricing now sits alongside the pragmatic underwriting and deal structure they already know us for."
