Ultimate Finance has introduced a price reduction within its bridging financing scope.
The lender’s standard purchase and development of export bridge products will be reduced from 0.79% per month, while the lightweight refurbished bridge products will be reduced by 0.89% per month.
In addition, mid-sized refurbished bridge products will be reduced by 0.94% per month.
The lenders continue to provide funding with speed and certainty, with 24-hour decisions in principle and offer a fully credit-backed offer in 72. The move also follows the continued expansion of lenders’ bridge financing team, with two new case managers joining the team in September to support the increased number.
“Our price reduction is an incredible partnership we have built with the broker network and understand the direct result of the market,” said Liam Cavanagh, the ultimate financial director at Bridge Finance.
Meanwhile, HSBC announced growth rate and decline, effective tomorrow.
Prices of residential home porters, cashing out, buying and international products will rise.
The two-year and five-year fixed fee savings for existing customers in the UK will be reduced on 95% loan-to-value (LTV) as the two-year and five-year fixed prime minister exclusive products will rise from tomorrow.
Selected residential reversal cashback products will be reduced, including their two-year fixed standards for 70% and 75% LTV and their five-year fixed fees to avoid 70% and 75% LTV.
In addition, UK BTL purchases have increased. These include two-year fixed standards for 75% LTV, five-year fixed fees for 65% and 75% LTV, and five-year fixed standards for £3,999, 60%, 65% and 75% LTV, among others.
Elsewhere, international residential tax rates have been cut, while for international BTL products, prices have risen.
