Specialist lender, Oblix Capital has reduced bridging finance rates including a 0.05% decrease of its 75% LTV residential bridging rate.
In addition to this, both commercial and semi-commercial bridge products have had an entire rate reduction across every loan-to-value size.
This follows from a growth period for the lender which has seen them secure a new funding line with One Savings Bank grow their pipeline and expand into a larger office premises.
Andy Reid, sales director, Oblix, said: “As a business, we are currently undergoing a very strong growth period and our latest investments into a brand-new offices along with a full rate reduction underpins our ambition to be a long-term partner for our clients and intermediaries.”
He added “We are constantly reviewing our products and services to ensure we consistently support our partners projects and growth plans in the best way possible.
“This rate reduction will also be a timely boost considering the recent base rate increases.”