Firm announces high-end bridging loan offer
Anthony & Co, a private loans firm, have announced a new facility for bridging loans.The large loans are aimed at a wealthy clientele, hoping to secure bridging finance when moving home.Adverse market conditions - with house prices still falling and credit constricted - make it a bold move for the firm.Commercial property is also to be covered by the new offer.Speaking to the news source, Anthony Wall, the managing director of Anthony & Co, said: "With most facilities now capped at less than £1 million, this new facility can comfortably lend for both residential and commercial proposals."There is no shortage of City money on offer for prudent lending and we are delighted to be able to offer our introducers a reliable product at a time when they need it most." The new loans are to be offered at a maximum of £15 million each. Rates stand at 1.25 per cent per month, Anthony & Co added.
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