Assetz Capital slashes commercial mortgage rates
By Tom BelgerAssetz Capital has lowered its entry interest rate for commercial mortgages from 7.9% to 6.9%
Section: mobile apps categories
The peer-to-peer finance platform hopes the move will offer access to even lower rates for lower-risk borrowers looking for commercial mortgages.
Assetz Capital said that it had identified that there were many creditworthy SMEs throughout the UK that were looking for faster acceptance times to resolve their borrowing requirement and greater flexibility around the loan structure and repayment profile.
The platform added that these borrowers were sometimes unable to meet every item of a traditional bank’s criteria for a commercial loan or their lengthy acceptance and processing times.
“With a market-leading nationwide network of professional relationship directors across the UK, we’re in a great position to meet borrowers and their brokers face to face to identify the best options available and to potentially offer a decision in principle in just one day,” said Stuart Law, CEO of Assetz Capital (pictured above).
“We continue to delight brokers and their borrowers with our highly experienced, but pragmatic approach to lending and this new lower interest rate is another milestone for the peer-to-peer industry and for Assetz Capital.”
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