Chris Sellars

Bridge Help cuts BTL loan rate

Bridge Help has reduced its BTL rate to 0.75% per month.

The new pricing is available for loans of up to £2m and 75% LTV of OMV.

The offering comes with no exit fees and 1.5% commission for brokers.

The rate aims to support both increasing demand from landlords looking to incorporate their property portfolios in response to the abolition of mortgage interest rate relief  last year, and the growth of new investors in the BTL market.

In the first 11 weeks of 2021, the firm surpassed its lending in 2020 and is already on track to exceed its target to deliver more than £25m in short-term loans this year.

Chris Sellars, chief executive at Bridge Help (pictured above), said: “Our new BTL loan rate was initially launched at the beginning of the year as a special offer. 

“Demand has been so strong that we have decided it will remain as an ongoing offer in Bridge Help’s product portfolio. 

“It means borrowers and brokers are ideally positioned to take advantage of new property investment opportunities as we transition out of lockdown and puts us on track for record growth.”

This follows the launch of a new co-funding division earlier this year. 

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