Liam Cavanagh, head of bridging finance at Ultimate Finance (pictured above), said: “We are committed to supporting the property industry and it is important to us that our offering remains competitive.
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“By working in partnership with our brokers, we reported £52m of new business in H1 and our bridging loan book reached £100m, its highest ever level.
“We are certain that these reduced rates will allow even more property developers to benefit from the funding and support they need to meet their ambitions.”
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