The rate changes apply to both 65% and 60% LTV tiers on commercial deals, as well as 70% and 65% LTV on semi-commercial products.
The summer offer follows the rate reductions across its product range announced earlier in June.
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The lender said the revised rates are designed to offer more flexibility and affordability for brokers supporting clients on mixed-use and commercial properties, particularly in cases where fast completion and short-term liquidity are key.
Marios Theophanous, credit manager at London Credit (pictured above), commented: “We have noticed an increase in demand for bridging loans to support the purchase and refurbishment of mixed-use and commercial properties.
“In response, we are introducing our summer offer, which gives brokers even sharper rates across our semi-commercial and commercial range, with cuts of up to 72bps per annum.
“In practical terms, this could mean lower costs for borrowers managing larger projects or working to tight timelines.”
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