From the 13th September 2024 there will be a 2bp per month reduction on both our first and second charge variable rate products for loans above £100,000. The new rates will be:
Unregulated Residential Bridge:
First charge variable rate from 0.93%
Second charge variable rate from 1.03%
For fixed rate unregulated bridge loans of £100,000 or under there will be an increase of 2bps:
First charge fixed rate from 1.22%
Second charge fixed rate from 1.32%
The new rates will apply to any quotes or requotes completed on or after the 13th September 2024.
Check out the updated product guide here