Oblix Capital

Oblix Capital reduces bridging rates

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

The specialist lender has introduced the rate reduction following an exceptional growth period which saw the lender secure a new funding line with OneSavings Bank.

Highlights of the reduction include a 0.05% decrease on its 75% LTV residential bridging rate.

In addition, Oblix has reduced rates on its entire commercial and semi-commercial bridging range across every LTV size.

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

“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”.

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