The rate is available for both residential and commercial first charge loans, including regulated loans from £250,000-3m.
The announcement comes after the specialist lender analysed its loan book and recognised that most of its loans were between 60% and 70% LTV.
Alternative Bridging chose a rate that worked well in this bracket and applied it to the rest of the book.
The monthly rate will only change where there is adverse credit or for the refinance of another bridging loan.
In such a scenario, the rate will be 10 bps higher with a separate chart used for loans over £3m.
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Jonathan Rubins, director at Alternative Bridging (pictured above), said: “Risk is either acceptable or not and if it is, why charge different rates for sub-50%, then 60% and then 70% etc?
“One simple low rate is all it needs for straightforward proposals, competitive at low LTVs and fantastic above.”
Alternative Bridging said that it was truly comfortable with commercial bridging and asked why should the borrower be penalised with a higher rate for something it was enthusiastic to do?
Jonathan added: “This new low rate works for us and is good for the borrower.
“It allows the brokers who introduce our loans to demonstrate they are providing the best terms to their clients.
“With brokers’ commission included, it is a win-win situation for everyone.”