• Login
SUBSCRIBE TO OUR NEWS EMAILS
Tuesday, 19 January, 2021
No Result
View All Result
BestAdvice
  • News
  • Features
  • Blogs
  • Podcast
  • Research & Reports
  • Video
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI
No Result
View All Result
BestAdvice
No Result
View All Result

Fiduciam cuts its bridging loan rate to 0.60%

by Kevin Rose
6 November 2018
Fiduciam cuts its bridging loan rate to 0.60%
Share on FacebookShare on TwitterShare on LinkedIn

Fiduciam has lowered the interest rates on its bridging loans for residential property in the UK to 0.60% per month, the lowest rate the it has ever offered.

The rate will be available on loans from £250,000 to £25 million, at up to 60% LTV over a loan period of six months to three years.

Fiduciam does not charge exit fees and also levies no early repayment charges as long as the borrower keeps the loan for at least half of the term; i.e. if they take out a loan for 12 months they can redeem it, free of charge, in just six months if they choose to.

The 0.60% rate will also apply to all Fiduciam’s residential loan products which allow multiple drawdowns and repayments. These provide borrowers with the flexibility to adjust the loan amount to match their financing needs over time so that the overall interest expenditure can be minimised.

Clint White (pictured), head of property lending at Fiduciam, said: “While more and more bridging lenders are lowering their rates, many only offer them at a very low loan to value. We do things differently at Fiduciam which we are demonstrating by offering our very lowest rate up to 60% LTV and also for loans providing multiple drawdowns and repayments.

“Our target for the next 12 months is to lend £250 million. This requires attractive interest rates, but also a good reputation. We are backed by institutional funding, ensuring that we can always live up to the borrowing needs of our clients. If our clients encounter difficulties on their projects, we work closely with them to find a resolution. As a result, we have never had an enforcement situation. There is nothing better than having successful borrowers returning to us for their next project.”

ShareTweetShare
Previous Post

New chief executive at the Hinckley & Rugby

Next Post

Brokers increasingly focussing on maximum LTVs

Next Post
New Goldsmith Williams case management system imminent

Brokers increasingly focussing on maximum LTVs

FIBA outlines 2018 event programme

FIBA provides overseas mortgage advice facility to members

The Hanley Economic BS moves into RIO mortgage market

The Hanley Economic BS moves into RIO mortgage market

CLICK FOR COVID-19 LATEST

Glenhawk plans launch of homeowner products in 2019

IMLA: expect 2021 gross mortgage lending rise

17 January 2021
Warning sounded over informal lease extensions

Target Group sounds BBLS warning

14 January 2021
SMEs worried about their prospects over next 12 months

44% of intermediaries looking forward to 2021

14 January 2021

LIMITED COMPANY BTL REPORT

Most Popular

  • Philip George becomes Equifinance NED

    Philip George becomes Equifinance NED

    0 shares
    Share 0 Tweet 0
  • Nationwide introduces swathe of mortgage rate cuts

    0 shares
    Share 0 Tweet 0
  • Target Group sounds BBLS warning

    0 shares
    Share 0 Tweet 0
  • Octane Capital reaches redemptions milestone

    0 shares
    Share 0 Tweet 0
  • IMLA: expect 2021 gross mortgage lending rise

    0 shares
    Share 0 Tweet 0

Receive BestAdvice briefings

   


   


   


Recommended

West One relaunches offering with wider distribution

West One Loans unveils new buy-to-let range

1 day ago
Liverpool Street new destination for Metro Bank

Metro Bank agrees distribution deal with Brilliant Solutions

53 mins ago

New 90% deals from the Leeds

7 days ago
Coventry for Intermediaries appoints business development team manager

Coventry for Intermediaries appoints business development team manager

1 day ago
  • Subscribe
  • Advertise
  • About us
  • Contact us
  • Privacy policy
  • Terms & Conditions
SUBSCRIBE TO OUR ALERTS!

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

No Result
View All Result
  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.