Bridging and short term lender, Link Lending has lowered its rates to borrowers in line with the recent reductions in LIBOR and BoE base rates, with market leading rates from 0.75% per month. LTVs are now at a maximum of 80% having recently been pegged more conservatively during the last three months.

John Maclean, Link Lending’s managing director, commented: “We are delighted to be able to return to our highly competitive low rates and higher LTVs, which will enable brokers to help more customers in the current market where many lenders are lowering their LTVs and reducing risk exposure.

“Short term lending is an essential element for any broker’s range of products as it delivers fast results and can be a solution to many problem-solving situations for both home and business owners. Our valuations are on open market value as opposed to forced sale value, our interest is charged daily from day one with no minimum term, and we have no redemption penalties. This transparency of terms means that borrowers do not have any nasty surprises at the end of their short term loan and brokers have everything they need to remain true to TCF principles.”