London Credit has reduced rates across its residential bridging range by up to 10% per month, with pricing now starting from 0.55% pm.
The lender has cut rates across all residential loan-to-value tiers up to 75%, sharpening its pricing for brokers working with property investors and strengthening its position in the short-term lending market.
At the upper end of the range, 75% LTV pricing has fallen from 1.00% pm to 0.90% pm. At lower leverage, rates now begin at 0.55% pm for loans at 50% LTV. The revised pricing is available immediately across the company’s residential bridging products.
London Credit offers bridging loans from £150,000 to £4 million on residential, commercial and semi-commercial properties across London and throughout England. Loan terms range from three to 24 months and can support a variety of purposes, including auction purchases, refinancing and capital raising. Residential lending remains available up to 75% LTV.
The updated proposition is designed to give brokers more flexibility when structuring short-term finance for investor clients, particularly in a market where pricing sensitivity has increased and turnaround times remain critical.
“Pricing matters, but certainty matters more,” said Marios Theophanous, credit manager at London Credit (pictured). “Brokers need to know that when they submit a case, they’ll get a clear answer quickly and that we’ll deliver on what we agree.”
“These rate reductions strengthen our residential proposition, but our core focus remains the same,” he added. “Direct access to decision-makers, pragmatic underwriting and funding that completes on time. That combination of competitive pricing and dependable service is what helps brokers win business in a competitive market.”
