Greenfield Bridging has launched a new, reduced bridging loan rate.

It did not disclose the new rate.

The provider lends from £75,000 to £5m, up to 75% loan to value (LTV).

Greenfield Bridging says that brokers can expect to have a single point of contact with a mandated BDM qualified to make a decision within one hour.

If a client’s usual financial options have become limited, a BDM can discuss the full details of a bridging loan to aid any client discussions on suitability.

Richard Keen, national sales manager at Greenfield Bridging, said: “The bridging market is set to continue growing into 2025, and we’re determined to support our brokers and their clients with the best possible value.

“Our new lower rates further close the gap between traditional mortgage rates and bridging loans, providing a broker’s clients with more options for property purchase and refurbishment.”