London Credit has reduced interest rates on its semi-commercial and commercial bridging products by as much as 72 basis points per annum as part of a new summer pricing initiative aimed at helping brokers deliver greater value to clients requiring short-term finance.

The rate cuts, which follow earlier reductions in June, apply to loans at both 65% and 60% loan-to-value (LTV) for commercial properties, and at 70% and 65% LTV for semi-commercial deals.

The lender said the updated pricing reflects its ongoing effort to enhance affordability and flexibility for brokers supporting borrowers with time-sensitive or complex transactions.

According to London Credit, the offer is intended to meet increasing demand for bridging loans in the commercial and mixed-use sectors, particularly where funding is needed to facilitate acquisitions or refurbishment works.

The revised terms are expected to benefit borrowers working to tight deadlines or managing larger-scale projects.

Marios Theophanous (pictured), credit manager at London Credit, said: “We have noticed an increase in demand for bridging loans to support the purchase and refurbishment of mixed-use and commercial properties.

“In response, we are introducing our Summer Offer, which gives brokers even sharper rates across our semi-commercial and commercial range, with cuts of up to 72 basis points per annum.

“In practical terms, this could mean lower costs for borrowers managing larger projects or working to tight timelines.”

He added: “As always, our focus is on giving brokers direct access to our decision-makers and keeping the process clear and consistent from start to finish.

“These new rates help us stay competitive while offering reliable funding that meets the pace of the market.”