Lender reduces rates on select products as bridging market starts to speed up
Bridging lender KSEYE has announced a seasonal promotion, offering reduced rates on its Bespoke and Lite bridging products until the end of the festive period.
The lender’s flagship Bespoke bridging range now features lower rates across all loan-to-value (LTV) tiers for residential, mixed-use, and commercial properties. Among the standout offers is its complex residential bridging product, available up to 75% LTV at rates starting from 0.99% for the duration of the promotion.
KSEYE has also extended the rate reductions to its Lite bridging range, which launched earlier this year. The Resi-Lite product now offers a 0.74% rate at an increased LTV of 65%, while the Mixed Use-Lite product is available from 0.99% at 70% LTV. The Lite range has also been expanded to cover properties in major UK cities, in addition to London and the home counties.
“As the bridging market starts to speed up again, with an increasing volume of enquiries – and, to celebrate our success in 2024, we want to end the year with a bang!” said Nikes Khagram (pictured), director at KSEYE. “This time-limited offer is our way of saying ‘thank you’ to the brokers we’ve worked with throughout the year, as well as offering more brokers an opportunity to experience KSEYE’s approach to lending.”
KSEYE’s promotion comes as industry leaders express optimism about the future of bridging finance. Speaking at the recent BDLA Annual Conference, Stuart Mogg, managing director at Interpath Advisory, emphasised the growing availability of capital for specialist lenders.
“Moving into 2025, we expect capital options to continue to increase,” Mogg said. “However, my view is that the bar will also rise for those seeking these capital options and so, lenders within the bridging and development finance space need to ensure they remain focused on the fundamentals, such as data, underwriting discipline and collections processes, before approaching capital providers.”
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