Specialist asset-based lender Ultimate Finance has announced that it has reduced rates on its bridging loans.

Market Financial Solutions (MFS) has been added to In Partnership’s panel of lenders.

The product enables borrowers to move from their initial bridge up to an additional 18-month term.

The lender has reduced bridging, buy-to-let and Bridge Fusion rates.

Allica has hired Justin Trowse as head of bridging to support its new offering.

Marcus Dussard, sales and marketing director at KSEYE, says that with borrowers’ needs becoming extremely diverse, specialist lending solutions like bridging finance are...

Bridging completions grew to a record £1.74bn in Q2.

Chris has held previous roles at NatWest, Amicus Finance, Kingsley Asset Finance and Seneca Bridging. 

Rates now start from 0.79%.

Demand for bridging finance increased in Q2, with gross lending hitting £201.8 million as borrowers sought to save their transactions amid ongoing uncertainty.