18 Feb 2019

New product: Unregulated bridging

We've launched a new unregulated bridging product to replace all existing unregulated bridging products. It’s available to both new and existing customers. 

The new product covers bridging loans between £100,000 - £500,000 at a maximum 70% loan to value, at a very competitive rate of 0.6% p.m. It is our latest innovative offering as we continue to refine our range of products to make them simpler and more accessible to property professionals throughout London and the regions.  

Key features include:

- Loan size: £100,000-£500,000

- Term length: 12 months

- Interest rate: 0.6% per month

- No exit fees

Download the product guide here.

As market dynamics continue to evolve, we have been working closely with our brokers and borrowers to adapt our products to better meet their changing needs. This is a limited time offer, as we have a £30m tranche of funding. We expect a strong demand due to the simple nature of the product, and the fact it is one of the most flexible and competitive products in the market. We look forward to supporting brokers and borrowers with this offering.
D'mitri Zaprzala
Head of Sales