Oblix Capital makes bridging rate reductions

Published on

Oblix Capital will be reducing rates across its bridging finance range.

The news follows on from a growth period for the lender which has seen it secure a new funding line with One Savings Bank.

Changes include a 0.05 percentage point cut on its 75% LTV residential bridging rate.

In addition both commercial and semi-commercial bridge products have had an entire rate reduction across every loan to value size.

Andy Reid (pictured), Oblix’s sales director, said: “As a business, we are currently undergoing a very strong growth period and our latest investments into a brand-new offices along with a full rate reduction underpins our ambition to be a long-term partner for our clients and intermediaries.

“We are constantly reviewing our products and services to ensure we consistently support our partners projects and growth plans in the best way possible.  This rate reduction will also be a timely boost considering the recent base rate increases.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

International landlords drive surge in buy-to-let company formations

One in five buy-to-let companies incorporated in the UK this year has at least...

The Tipton & Coseley widens expat residential mortgage range

Tipton & Coseley Building Society has expanded its offering for expat residential borrowers by...

The Right Mortgage launches ‘Opportunity Insights’ podcast series

The Right Mortgage & Protection Network has unveiled a new podcast series aimed at...

Fleet Mortgages adds new products alongside rate and fee cuts

Fleet Mortgages has announced a raft of changes to its fixed-rate buy-to-let range, including...

Foundation Home Loans adds larger loans and 80% LTV options to Specials range

Foundation Home Loans has overhauled its buy-to-let Specials range, raising loan limits, introducing new...

Latest publication

Latest opinions

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Other news

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

International landlords drive surge in buy-to-let company formations

One in five buy-to-let companies incorporated in the UK this year has at least...

The Tipton & Coseley widens expat residential mortgage range

Tipton & Coseley Building Society has expanded its offering for expat residential borrowers by...