Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Inspired Lending Reduces Bridging Loan Rates After Increased Funding

Inspired Lending has announced reductions across its bridging loan rates, following increased funding support from the Pears family. The lender’s first charge bridging rate now starts from 0.75% per month, down from the previous rate of 0.79%.

Rates for second charge bridging, heavy refurbishment, semi-commercial, and commercial lending now start from 0.85% per month. The Pears family, owners of the William Pears Group, have recently increased their backing for Inspired Lending, which continues to operate with a private funding model and no senior debt.

Inspired Lending stated it will continue to price loans according to risk and may offer cheaper pricing for selected cases. The company also confirmed that its approach to lending and underwriting remains unchanged despite the rate reductions.

For UK letting agents and inventory clerks, these changes may be relevant for clients seeking bridging finance for property transactions, refurbishments, or commercial property deals.