ian wilson

Acre Lane Capital cuts bridging loan rates in bid to grab more market share

Acre Lane Capital has announced it has lowered the rates for its retained interest bridging loans.

The product now starts at 0.55% per month, with a LTV of less than 70% and are secured on residential property.

Ian Wilson, CEO at Acre Lane Capital (pictured above), said the lender had been successful at growing its development loan business “significantly” over the past year.

“Unfortunately, we have been unable to mirror our success in the development loan market in the residential bridge loan space.

“Hopefully, the rate reduction, speed of execution, and our straightforward approach will result in a market share more in line with our capability.”

In October 2019, the specialist lender introduced a new portfolio bridging product designed for BTL property investors, available up to £30m. 

In May last year, Acre Lane — which launched in August 2018 — reported that 85% of its loan volumes were in development, while 15% were in bridging.

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