Oblix Capital

Oblix Capital reports record month of applications

Oblix Capital has received nearly £50m in bridging and development applications in August – making it a record month for the specialist property lender.

These applications are now progressing through the process towards completion.

Oblix recently made reductions to its bridging rates, which included its 75% LTV residential bridge at 0.85% pcm and its 75% LTV semi-commercial bridge at 1% pcm.

Andy Reid, sales director at Oblix Capital (pictured above), said that July and August had always been the quieter months in the industry, which made this record even more remarkable.

“We are really pleased to be able to offer some extremely competitive rates to the market and hope this will show our commitment to offering our clients the best possible products and services.

“A big thank you goes out to the exceptional team here at Oblix, [which has] been tirelessly pulling together and taking the business to new heights.”

In July, Oblix Group’s subsidiary, Oblix Capital Technologies, secured FCA authorisation as a P2P firm


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