Bridging loans company drops interest rates

Bridging loans company drops interest rates




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As a result of the base rate reductions, the interest rates for one of the UK’s leading bridging loans company, Tiuta, have been dropped. 

In the current market, with not only residential and commercial properties going cheaply, but the short and long term financing costs being incredibly competitive, the new rates mean that professional investors can now get an even better deal.

 

Tiuta are charging 1.25% per month up to 65% LTV, and 1.45% per month for LTVs between 66%-70%.

 

Chief executive of Tiuta, Gary Booth stated: “Property prices are now very competitive and professional buyers are very active. With rental incomes holding up and the cost of financing decreasing the yields that an investor can achieve are very attractive, ignoring any capital appreciation in the future.”

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