Secured loans lender, Link Loans, has announced rate reductions on all of its products that are available for LTVs from 51% to 75%, with rates for loans below 51% remaining the same.
The rate reductions apply with immediate effect and are on a scale depending on the level of LTV, with products being as much as 2.5% cheaper in some circumstances.
Maeve Ward, head of sales at Link Loans, says: “The new rate reductions are proof that Link Loans listens to the market and adapts wherever possible to address any issues raised. Our aim is to be a major and long term lender in the secured loans market, and this aim is backed by an extensive and fully supportive funding resource.
“We continue to source competitive products that are both customer friendly and deliver on our promise to offer the best possible products and service levels in supporting brokers to continue to write even more quality business with Link Loans.”