London-based master broker, First 4 Bridging, is offering a first charge bridging product of 0.99% per month up to 70% LTV.
The minimum loan amount on the six-month term product, exclusive to First 4 Bridging, is £100,000. Both UK limited and overseas companies may apply and the rate is available on residential investment properties. A clean credit history is required.
First 4 Bridging would not reveal to BestAdvice.net who the lender is.
Yousouf Roze, director of First 4 Bridging, said: “We are thrilled to be able to offer this new product to our introducers and their clients. There may be similar rates on the market but not up to 70% LTV. The strength of this new product reflects the degree of competition among the lenders at present and the rude health that the bridging sector is in.
