First 4 Bridging launches exclusive product
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First 4 Bridging has launched an exclusive first charge product at 0.99% per month up to 70% loan-to-value.
The minimum loan amount on the six-month term bridging deal is £100,000 and it is available on residential investment properties.
Both UK limited and overseas companies may apply, but a clean credit history is required.
Yousef Roze, director of First 4 Bridging, says: “We are thrilled to be able to offer this new product to our introducers and their clients. There may be similar rates on the market, but not up to 70% LTV.
“The strength of this new product reflects the degree of competition among the lenders at present and the rude health that the bridging sector is in. As ever, we can give decisions in principle almost immediately while brokers can track the progress of their cases in real time through our website.”
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