The reduction applies to all HTB bridging loan types, including residential and semi-commercial assets.
It includes the lender’s heavy refurbishment product, designed for experienced developers undertaking substantial works such as house-to-house in multiple occupation (HMO) conversions and commercial-to-residential projects.
The change follows recent updates to HTB’s heavy refurbishment proposition, including an increase to 75% day-one loan to value (LTV) and enhanced flexibility on works funding.
For qualifying cases, the lender can now fund up to 100% of the property’s day-one value for refurbishment costs, provided the overall loan remains within 65% loan to gross development value.
Alex Upton (pictured), managing director for specialist mortgages and bridging finance, said: “We’ve reduced rates to support brokers who need to remain competitive, particularly where time is tight and delivery needs to be reliable.
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“Pricing matters, but it only works if the fundamentals are solid. Whether it’s a portfolio refinance, a chain break or a planning-led acquisition, brokers need confidence that the lender can move at pace, understand the details and stay close to the deal throughout.
“We’ve made this change with that in mind. It’s about helping brokers place business more effectively while retaining the consistency and access they rely on.”
