Short-term bridging finance specialist Glenhawk launched a “Spring Promotion” offering free valuation and legal fees across its regulated and unregulated bridging loan products, reimbursing borrowers up to £3,500 in costs on completion.
Halifax cut interest rates by up to 0.15 percentage points on selected fixed-rate products.
Hope Capital Property Finance revamped its Flip+ short-term loan, rolling acquisition bridging and refurbishment into one facility with borrower servicing from purchase through works and priority access to the same underwriter, offering up to 12 months’ bridging and up to 18 months’ refurbishment at rates starting at 0.80% and up to 75% LTV, with a £1,250 admin fee including flip legals, to reduce mid-project refinancing delays and costs.
HSBC reduced mortgage rates across a broad range of UK residential and buy-to-let products, including two-, three-, five- and 10-year fixed deals for first-time buyers, home movers, remortgagers, existing borrowers and international clients, and had extended fixed-rate end dates to July on all terms.
Bridging lender Lakeshield launched Flow, a new residential bridging product offering loans of £100,000 to £750,000, with all eligible loans priced at 0.75% per month.
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