Hope Capital has announced its biggest ever rate drop, now providing flat rates across its bridging range. Previously, the lender’s rates were priced depending on the specific deal and the levels of work, however, the new offering means the single rate can be applied to benefit of multitude of projects. The new offering is available on loan amounts between £100,000 and £5m, with residential bridging loans at 75% LTV now being available at 0.92%. Semi-commercial bridging loans at 70% LTV are available from 1.05%, while commercial bridging loans at 65% LTV start from 1.09%.

Foundation Homes Loans has increased the maximum loan size across its residential product tiers. On the lender’s F1 and F2 tiers, the maximum loan size for 65% LTV products has increased from £2m to £3m, for 75% LTV, this has increased £1m to £1.5 and 80% LTV products have increased from £750,000 to £1m. However, 85% LTV maximum loan size has remained at £750,000. On Foundation’s F3 tier, the maximum loan size on 65% LTV and 75% LTV products have increased £500,000 to £1m and £750,000 respectively. The 80% LTV maximum loan size remains at £500,000.

Atom bank has cut rates across its range of fixed and variable commercial mortgages. Fixed rates have been reduced by up to 0.47%, while variable rates have fallen by up to 0.41%. As a result, variable rates now start from 1.65% over the base rate, while fixed rates start at 6.23%. In addition, loans of between £1m and £4m qualify for a further 0.25% reduction. Variable rate loans that fall within this range could start from 1.40% over the base rate and 5.97% on a fixed rate.

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