Bridging lender Inspired Lending has reduced rates across its product range, with new pricing now starting from 0.89% per month. The cut, which takes immediate effect, represents a 10 basis point drop from the firm’s previous floor rate of 0.99% and applies to all new lending.

The move follows a fall in the lender’s cost of funding and forms part of its ongoing strategy to support brokers and borrowers navigating a market where pricing pressure and the need for rapid execution remain acute.

The revised rates are expected to appeal to investors and developers looking for short-term finance to facilitate purchases, refurbishments or capital raising. The lender says the changes are particularly beneficial in cases where speed, flexibility, or asset complexity might rule out traditional financing routes.

Inspired Lending recently completed a £1.1 million facility to fund a structural refurbishment scheme in South Yorkshire. The deal, which included 100% funding of both the purchase and build costs, was secured against two properties and drawn down in tranches.

Now 18 months into its lending journey, the firm has grown its presence in the short-term market and recently expanded its team to meet increasing demand. Inspired Lending offers bridging loans across residential and mixed-use assets and works exclusively through the intermediary channel.

Gavin Diamond, chief executive of Inspired Lending, said the rate cut was a reflection of both market conditions and the firm’s desire to stay competitive.

“We’ve been pleased with the growth we’ve achieved over the past 18 months and the trust we’ve built with brokers across the market. This rate reduction is a direct result of a drop in our cost of funding, and we’re passing that benefit on to our clients. At a time when bridging has an important role to play in unlocking opportunities, we want to make sure we remain competitive and accessible,” he said.