London Credit cuts rates by up to 8 basis points

London Credit has strengthened its semi-commercial bridging proposition by reducing monthly rates by up to eight basis points across the range.

The lender has cut its maximum LTV semi-commercial rate at 70% to 0.92% per month from 1.00% per month, while rates at lower LTV bands have also been brought down, with pricing now starting from 0.80% per month.

London Credit’s semi-commercial bridging products are available for acquisitions, refinancing and investment opportunities involving properties that combine both residential and commercial elements such as retail units with flats above, mixed-use investments and other semi-commercial assets.

“One of the reasons semi-commercial property continues to attract investors is that it often sits in a part of the market where opportunities can be overlooked by others,” said Constantinos Savvides, Head of Underwriting at London Credit.

“By reducing rates across our semi-commercial range, we’re helping brokers place more competitive deals while maintaining the pragmatic approach needed to support semi-commercial transactions.”