Bridging
KSEYE brings out Lite bridging range
Bridging lender KSEYE has launched a Lite product range that covers residential, commercial and mixed-use building.
The bridging product range is available for properties in London and the Home Counties with a headline rate for residential deals starting from 0.74%.
Commercial bridging products in this range begin from 1.05% and mixed-use bridging deals start from 0.95%.
The Lite range will offer brokers a “clear, fast solution for more straightforward bridging cases, providing clients with a competitive and reliable source of funding”.
The range launch is in response to a high volume of enquiries so far this year, which identified a need for a “more predictable bridging loan products, with competitive upfront pricing”.
Nikes Khagram, director and co-founder of KSEYE, said: “The property market is starting to move quickly following the recent BoE base rate reduction, so the time is right now to launch a product that we’re very excited about. With this new range, will will provide brokers with a truly competitive and compelling product offering for their clients.
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“Combined with our strong service levels, rapid response times and ability to deal with complex bridging quickly with our in-house legal team, we look forward to introducing the KSEYE experience to brokers of all sizes in support of their clients’ property investments.”
Earlier this KSEYE doubled its maximum loan size to £50m following an increased appetite for large loans.