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Cheval ices rates
5 February, 2008
Bridging lender Cheval has put a hold on its current interest rates due to the security of its funding.
According to Cheval's director of sales and marketing, Mark Posniak, a recent deal struck with Landisbanki for £25 million has reinforced its funding lines.
The lender is also incentivising brokers with an 0.85 per cent flat fee on same-day closed bridges, valid for all deals submitted and completed between 21 January and 30 April 2008.
Borrowers will also benefit from free valuations on all loans that have a Cheval-instructed valuation and are submitted and completed between 21 January and 30 April 2008.