Inspired Lending has reduced its bridging rates following increased funding support from the Pears family, with new pricing available immediately.
First-charge bridging finance is now available from 0.75% per month, down from a previous minimum of 0.79%. Rates for second-charge bridging, heavy refurbishment, semi-commercial and commercial lending now start from 0.85% per month.
The increased backing enables Inspired Lending to offer the new pricing while retaining its private funding model with no senior debt. The lender will continue to price according to risk, meaning stronger cases can secure cheaper rates.
Gavin Diamond, CEO of Inspired Lending, said: "Brokers have always valued our flexible approach, but we also know that price can play an important part in a borrower's final decision. These reductions put us firmly in the mix for a broader range of cases.
"Crucially, we have achieved that without changing the way we lend. Our funding model still gives us the freedom to assess each case on its merits and find ways to make good deals work.
"For brokers, it means stronger pricing now sits alongside the pragmatic underwriting and deal structure they already know us for."
