The lender’s residential single loans are now available from a fixed rate of 0.7%.
Rates for a variety of other products have also been reduced, including portfolio loans, second charge, light development, semi-commercial, commercial, and development exit loans.
Brokers and investors can also access lower rates on large residential, commercial, and semi-commercial loans.
In December, the lender renegotiated and extended an institutional funding line worth £1.5bn to fuel the growth of its loan book.
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Paresh Raja, CEO at Market Financial Solutions (pictured above), said: “The property market has enjoyed a productive first five months of the year, with multiple house price indices showing consistent growth.
“With the Bank of England expected to reduce the base rate further in 2025, we’re preparing for increased demand among investors, so now feels like the right time to cut rates and maintain momentum.
“With the market getting more competitive, bridging loans will help investors and brokers move with speed and flexibility in the coming weeks, and I’m confident they’ll find great value in our new fixed rates.
“Backed by the strength of our funding lines, we’ll continue to adapt our offering to ensure that it meets the needs of brokers and property investors as they navigate an ever-evolving market.”
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