Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Inspired Lending Reduces Bridging Loan Rates After Funding Boost
Inspired Lending has announced a reduction in its bridging loan rates, following increased funding support from the Pears family. The new rates are available immediately and apply to a range of bridging finance products.
First-charge bridging finance from Inspired Lending now starts at 0.75% per month, down from the previous minimum of 0.79% per month. Rates for second-charge bridging, heavy refurbishment, semi-commercial, and commercial lending now begin at 0.85% per month.
The lender states that the increased backing from the Pears family allows it to offer these new rates while maintaining its private funding model, with no senior debt. Inspired Lending will continue to price loans according to risk, with stronger cases able to secure lower rates.
The changes mean that a wider range of borrowers can access more competitive pricing, while still benefiting from Inspired Lending’s flexible approach to underwriting and deal structure. The new pricing is available immediately.
These developments may be of interest to UK letting agents and inventory clerks working with landlords or property investors seeking bridging finance for acquisitions, refurbishments, or commercial property transactions.
Source: Mortgage Strategy