Standard bridge fusion rates will now start from 4.79% plus BBR for residential properties, a decrease from 4.99% plus BBR, while residential single loans will now start at 0.75% and large residential, semi-commercial, and commercial loans will start at 0.85%.
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The firm’s bridge fusion range was introduced in June 2024 as a hybrid of a bridging and BTL loan and allows for a term of 24 to 36 months for loans of up to £20m for residential, semi-commercial and commercial properties.
Commenting on the changes, Paresh Raja, CEO at Market Financial Solutions (pictured above), said: “With the Spring Statement behind us and the new Stamp Duty thresholds in place, the market is ready to get back to business as usual.
“As a result, it felt like the ideal time to cut rates and help to maintain the positive momentum that has been building so far this year.”
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