Greenfield Capital unveils 0.65% bridging rate
Greenfield Capital has unveiled three bridging products, including one at 0.65% per month to 50% loan-to-value.
Other rates stand at 0.75% per month to 60% LTV and 0.85% to 70% LTV – though the lender said introducers can get better terms if they refer large volumes of business.
David Grant, operations director at Greenfield Capital, said: “We have listened to our introducers and borrowers and tailored our products around their requirements.
“We still believe that each case should be underwritten against its merits as one size does not fit all, so being flexible where necessary helps us maintain our competitive edge.”
The lender pays 1.5% in proc fees and can also collect broker fees on the intermediary’s behalf.
Products come with a 2% arrangement fee on completion.