Bridging and short term lender, Link Lending has lowered its rates in line with the recent reductions in LIBOR and BoE base rates, as well as upping its LTVs.
Borrowers can now borrow up to 80% LTV with rates starting at 0.75% per month.
John Maclean, managing director at Link Lending, says: “We are delighted to be able to return to our highly competitive low rates and higher LTVs, which will enable brokers to help more customers in the current market where many lenders are lowering their LTVs and reducing risk exposure.
“Short term lending is an essential element for any broker’s range of products as it delivers fast results and can be a solution to many problem-solving situations for both home and business owners. Our valuations are on open market value as opposed to forced sale value, our interest is charged daily from day one with no minimum term, and we have no redemption penalties. This transparency of terms means that borrowers do not have any nasty surprises at the end of their short term loan and brokers have everything they need to remain true to TCF principles.”