Short-term lender, London Credit, is to introduce new product rates on Friday, 8 November.

It is reducing rates for its major loan products, including:

• Residential bridging loans from 0.75%
• Semi-commercial loans from 0.80%
• Commercial loans from 0.95%

London Credit also recently announced the its development finance offering, which is currently in a pilot scheme.

Marios Theophanous (pictured), credit manager at London Credit, said: “At London Credit, we strive to provide innovative financial solutions, so we cannot wait to announce our forthcoming product launches at this year’s Finance Professional Show.

“Our new development finance products, combined with reduced rates on residential bridging, semi-commercial, and commercial loans, are designed to help borrowers achieve their property goals.”