Assetz Capital heats up for summer rate reduction
We’re delighted to be offering a summer rate reduction of 0.45% across all of our loan products to borrowers until 31st July 2021.
The promotion offers a reduction in our annual rates across bridging, commercial mortgages/investment, SME secured, development finance and residential refurbishment products. To secure this promotional offer, borrowers must have accepted terms and paid fees to instruct professionals on the back of a valid decision in principle, prior to the end of July.
Following substantial lending through the Government-backed CBILS scheme throughout the pandemic, we’ve also seen a rise in demand for bridging loans in recent months after launching a new 0.65% (currently discounted to 0.61%) bridging product in April.
Mark Standley, our National Commercial Director said: “We’re delighted to make this promotion available to our brokers and their borrowers. The initiative is designed to help our brokers win more business as we are finalising our CBILS pipeline and launch a refreshed and sharper proposition across our traditional product sets following the pandemic. We’re now supporting property secured loans up to 75% LTV between £150k and £10m on a wider range of solutions and competitive pricing, whilst retaining the same high standards of personal service and reliability. Direct feedback from our intermediary network has helped to shape our new proposition, and so a 45-basis point reduction until the end of July is our way of saying thank you.”
There are no hidden terms or catches, just a fantastic opportunity to help borrowers enjoy a lower rate whilst still receiving the same excellence in service delivery. However, time really is of the essence with this promotion, and we cannot guarantee the reduced rate beyond the 31st July 2021 as outlined in our terms and conditions below.
If you'd like to find out more about this new promotion, please call us on 0800 470 0430 or contact your local Relationship Director who will be able to discuss reduced rates with you in more detail.
Terms and conditions:
1. The promotional offer of a 45 basis points reduction applies to all loan products offered by Assetz Capital and will be available to borrowers who accept our terms – this means paying fees to instruct professionals on the back of a valid, unexpired Decision In Principle – between “now” and close of business on 31st July 2021.
2. Loans which are eligible for obtaining a promotional rate will then retain that discount through to and at drawdown providing the terms of the deal and/or the credit risk do not change.
3. In the event that a loan offer or time bound report has expired (including the need for a re-issue of anything in the process) the promotional rate will be withdrawn.
4. Assetz Capital reserve the right to withdraw the promotion at any time.
- June 24, 2021