London Credit has announced that it has cut rates across its semi-commercial bridging finance range by up to 8 basis points, sharpening its offer for landlords and investors targeting mixed-use property.
The lender's maximum LTV semi-commercial rate at 70% has fallen from 1.00% to 0.92% per month. Rates across lower LTV bands have also fallen, meaning pricing in the range now starts from 0.80% per month.
Semi-commercial bridging finance for mixed-use property
London Credit's semi-commercial bridging finance products support acquisitions, refinancing and investment opportunities involving properties that combine residential and commercial elements. Eligible assets include:
- retail units with flats above
- mixed-use investments
- other semi-commercial properties
"One of the reasons semi-commercial property continues to attract investors is that it often sits in a part of the market where opportunities can be overlooked by others," said Constantinos Savvides, head of underwriting at London Credit (pictured).
"These properties often sit outside the standard residential or commercial categories, creating opportunities for investors who know how to identify potential and structure deals accordingly."
"That means the conversation is often about far more than simply finding the lowest rate," he added. "Investors want lenders who understand how these assets operate in practice and can assess the full picture.
"By reducing rates across our semi-commercial range, we're helping brokers place more competitive deals while maintaining the pragmatic approach needed to support semi-commercial transactions."
