Ultimate Finance reduces rates on development exit product

Ultimate Finance has cut rates across its development exit product, with pricing now starting from 0.74% and 75% LTV loans available from 0.79%.

The lower pricing is designed to help developers and investors refinance or exit completed or nearly completed schemes with more confidence, while also giving brokers and introducers a more competitive option for development exit enquiries.

Liam Cavanagh, head of bridging finance at Ultimate Finance (pictured above), said: “On completed or schemes nearing completion, time and certainty matter.

“Our development exit rate reduction is about helping developers and investors protect margin, release capital and move on to the next project sooner.

“It’s also a practical way we’re backing our introducer partners with sharper pricing, fast decisions and a team that understands what it takes to get an exit over the line.”