Inspired Lending trims bridging rates to 0.89%
By Tara SammonsInspired Lending has reduced rates across its product range, with pricing now starting from 0.89% per month.
Section: Products
The drop from 0.99% to 0.89% takes effect immediately and applies to all new lending.
This follows a reduction in the specialist lender’s cost of funding and forms part of its focus on supporting brokers and borrowers where pricing and speed remain critical.
The new rates are designed for investors and developers seeking short-term funding for purchases, refurbishments, and capital raising.
Recently, the finance provider completed a £1.1m facility to support a structural refurbishment project in South Yorkshire.
Gavin Diamond, CEO at Inspired Lending (pictured above), commented: “We’ve been pleased with the growth we’ve achieved over the past 18 months and the trust we’ve built with brokers across the market.
“This rate reduction is a direct result of a drop in our cost of funding, and we’re passing that benefit on to our clients.
“At a time when bridging has an important role to play in unlocking opportunities, we want to make sure we remain competitive and accessible.”
Keywords: Inspired Lending, bridging rates, 0.89% per month, rate reduction, cost of funding, brokers and borrowers, short-term funding, investors and developers, purchases and refurbishments, capital raising, South Yorkshire, £1.1m facility