Assetz Capital

Assetz Capital launches new bridging product

Assetz Capital has introduced a new bridging product with a 0.65% interest rate.

The marketplace lender will provide bridging loans from £150,000 to £5m with LTVs up to 75% and terms up to 24 months. 

Assetz Capital — which surpassed the £1bn lending milestone at the beginning of 2020 — said its bridging offering has been streamlined to improve its service.  

Mark Standley, national commercial director at Assetz Capital (pictured above), said: “With strong ambitions for well managed growth to our next billion of lending in the coming year or so, we approach all things in the spirit of continuous improvement, and these principles have been applied to good effect in our evolution as a bridging lender.  

“Rates have been sharpened across the board to remain competitive while, perhaps more importantly, we have listened carefully to the needs and wants of our introducers and their borrowers.

“The delivery process has been comprehensively re-engineered to ensure that our pace matches the transaction with timely and reliable completions. 

“Moreover, the offering is being built around a specialist frontline and support team to ensure a consistent and exceptional service experience.” 

Intermediaries and borrowers will be able to access advice and support from the lender’s specialist relationship directors throughout the lending process.

Throughout the pandemic, Assetz Capital has focused on delivering CBILS after being accredited by the British Business Bank in May last year. 

The business has now fully refreshed its range of property secured funding solutions. 

Alongside commercial mortgages and bridging, there will be continued support for small and regional housebuilders with development loans.

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