Commercial lender cuts rates

Ariane Buteux

February 4, 2008

The non-mainstream commercial lender has reduced rates across the board.

Commercial mortgages have been cut by up to 1 per cent and secured loans by up to 1.25 per cent.

It has also reduced its lenders acceptance fee by 0.95 per cent.

LMC director, Gary Bailey said: “We believe that the time is right to build confidence in the commercial finance sector and these positive changes to our mortgage and loan plans will be welcome news for consumers, brokers and the market as a whole.

“Rate cuts typically lead to greater opportunities and will help brokers to convert more enquiries.

“These reductions coupled with our Early Payment Plans, Payment Holidays, Discounted Rates and Interest Only for the whole term of the loan will provide a unique mortgage and loan offering for all introducers.”

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