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.”