Bridging lender London Credit has increased the maximum LTV on its residential loans from 70% to 75%. 

This higher LTV is available on loans up to £1m that are for properties in London (zones one to four) where the borrower has access to additional assets.

London Credit provides bridging loans from £100k to £3.5m on residential, commercial and semi-commercial properties in London, the South East and major cities, with terms from three to 18 months. 

Loans can be used for a range of circumstances, including product refurbishment, auction finance and capital raising. The maximum LTV on commercial and semi-commercial loans is 65% LTV.

London Credit credit manager Marios Theophanous says the company has made this change to improve the services and support offered to brokers and their clients. This follows the launch of its ‘Best 4 U’ promotion, enabling brokers to choose an offer of either free legal fees, valuation fees or a lower rate. 

Theophanous adds: “Now we have increased our maximum LTV on residential loans, providing property investors with the opportunity to achieve greater leverage.”