LONDON CREDIT ANNOUNCES NEW PRODUCT LAUNCHES AND REDUCED RATES AHEAD OF FP SHOW 2024

04 November 2024

London Credit, a leading bridging finance provider, is set to unveil new product rates and its development finance proposition at the upcoming Finance Professional (FP) Show on November 8, 2024, at Olympia London.

Visitors to the show will be able to meet the London Credit team at Stand B1, where the firm will be showcasing its newly launched development finance products. The event will provide brokers and industry professionals a first look at the latest updates in London Credit’s product portfolio, tailored to meet the needs of property investors and developers.

Ahead of the show, London Credit has introduced reduced rates for key loan products, including:

• Residential bridging loans from 0.75%
• Semi-commercial loans from 0.80%
• Commercial loans from 0.95%

These updates are designed to offer competitive financing solutions for borrowers who require short-term funding to meet immediate needs or to take advantage of property opportunities.

London Credit will also be available at the FP Show to talk about its new Development Finance proposition, which is currently being piloted on a small number of schemes.

London Credit’s bridging finance products cater to loans ranging from £100k to £3.5m, with terms spanning from 3 to 18 months. The lender’s flexible solutions are designed to assist with various property investment needs, such as property refurbishment, auction purchases, and capital raising, with LTVs of up to 75% for residential properties.

Marios Theophanous, Credit Manager at London Credit, commented:

“At London Credit, we strive to provide innovative financial solutions, so we cannot wait to announce our forthcoming product launches at this year’s Finance Professional Show.

“Our new development finance products, combined with reduced rates on residential bridging, semi-commercial, and commercial loans, are designed to help borrowers achieve their property goals.”