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NEW BRIDGING RATES AND LENDERS

From our June Ezine

We are pleased to unveil new rates for our exclusive deals with bridging lenders Interbay and Masthaven.

Our exclusive Interbay rates on bridging are now 0.44% per month on loans up to 55% LTV and 0.54%pm for loans up to 65% LTV. They are also offering loans at 0.64% per month up to 75% LTV.

All the deals are only available for non-registrants relating for standard and light refurbishments.

In addition, Masthaven Bank and United Trust Bank are offering bridging rates from 0.49% per month on various LTVs for registrants and non-registrants.

It is also worth noting the launch of Octane Capital, a new third generation of bridging lenders with new innovative pricing structures.

Octane will offer deals on a ‘price for risk’ basis only with no set products or criteria, which could be a useful and interesting new addition to the sector.

It is backed by a $5bn US hedge fund and founded by former Dragonfly Property Finance chief executive Jonathan Samuels.