Oblix Capital have unveiled a new bridging rate that offers 0.85%pm with LTV at 75% and no exit fees, the new product is in a trial period and is in response to feedback received from their broker panel.
Founded in 2014 by experienced property developer Rishi Passi, Oblix Capital has set itself apart from other lenders by providing unrivalled industry expertise, simple application processes and swift transparent decisions.
Rishi Passi, CEO, commented on the new product: “the bridging and development funding industry is saturated with lenders and we have been working hard to ensure our proposition to market is based on our clients’ needs. We have done this by listening to our intermediaries and their clients’ and we quickly learnt that price and service are top priority for them. In response to feedback, we increased the LTV on our core bridging product and have continued to build our team with experienced industry experts to enable us to provide first-class service and expertise to our clients.”
Oblix Capital also recently announced securing a new funding arrangement with NatWest allowing them to extend their lending capabilities by a further £25m supporting the company’s ambitious growth targets.