London Credit reduces bridging rate
By Tara SammonsLondon Credit has announced a 10bps rate reduction across its commercial and semi-commercial bridging products as part of a limited time offer.
Rates now start from 0.75% per month, down from 0.85%, on loans up to 60% LTV.
The offer applies to all new commercial and semi-commercial applications where legal undertakings are in place by 31st May 2025, with completion by 15th July 2025.
Marios Theophanous, credit manager at London Credit (pictured above), commented: “In the current market, brokers are having to work even harder to secure the right solutions for their clients, especially when it comes to commercial and semi-commercial property finance.
“That’s why we’ve introduced this limited-time rate reduction, giving brokers access to more competitive pricing on deals that need to move quickly.”
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Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/london-credit-reduces-bridging-rate