Bridgebank launches 0.85% BTL bridge

Bridgebank launches 0.85% BTL bridge



Bridgebank Capital has launched a brand new 0.85 per cent buy-to-let bridging product, to coincide with the thriving private rental sector..


 

 

 
Bridgebank Capital has launched a brand new 0.85 per cent buy-to-let bridging product, to coincide with the thriving private rental sector.
The new product aims to cater for experienced portfolio landlords looking to fund residential BTL properties and will include light refurbishment projects.
Launched with a very competitive 0.85 per cent rate, the interest will be calculated on a daily basis and with no exit fees.
The product will also be available for portfolio purchases and refinancing with no restrictions on number of units to be funded, and with no minimum rental cover pre-requisite at the time of the bridging advance.
Speaking on the news, Steve Woods, Head of Sales, said:  “We are thrilled to announce another development in our lending criteria. We have made a number of changes in recent months and this change further demonstrates our commitment to supporting brokers and their clients by providing competitive, fixed and transparent rates. 
“This product has been specifically developed to attract volume quality BTL bridging business with cost certainty for borrowers supported by our established leading service level support offering. We are looking to materially increase our loan book and see this product specifically as having high volume demand”.

 



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