Exciting News for Property Investors and Homeowners!
At Expert Mortgage Brokers, we are always on the lookout for the latest and greatest mortgage products that can help our clients achieve their property goals. That’s why we’re excited to share some great news from Bridging Company, who has just launched a new bridging and refurbishment loan product with some of the sharpest rates on the market.
Bridging Company’s rates start at just 0.36% plus the Bank of England’s base rate, which is currently 0.65% per month. Even if the base rate increases, Bridging Company’s product will still be a cheaper option compared to fixed-rate alternatives. For example, a comparison of two £725,000 loans with 65% of the property value shows that Bridging Company’s product will save clients over £12,000 by the end of the loan term.
Not only are Bridging Company’s rates competitive, but they are also offering loans up to 70% of the value of homes and semi-commercial properties in England. Their refurbishment loan covers up to 70% of the costs, including all the building costs, for light and heavy renovations, making it a great option for property investors and homeowners who want to update their homes.