The leading VAT bridging finance lender BloomSmith has announced a cut to its pricing structure ahead of the anticipated fall in interest rates in the United Kingdom over the coming months.

Effective immediately, BloomSmith has lowered its monthly charge from 1.33% to 1.25% on all new VAT bridging transactions.

This decision underscores BloomSmith’s commitment to delivering competitive and cost-effective financing options to its clients, ensuring that businesses seeking VAT bridging finance can do so on even more attractive terms.

BloomSmith’s CEO Nigel Smith said: “We are continually assessing the market and the needs of our clients.

“As we anticipate a reduction in interest rates in the UK, we want to proactively support our customers by offering them more favourable terms as markets stabilise.

“This pricing adjustment reflects our dedication to delivering value to our clients, helping them navigate their financial requirements more efficiently as we see an uptick in real estate acquisitions.”

With this pricing revision, BloomSmith remains dedicated to its goal of providing innovative financial solutions to support investors, developers and property professionals across the UK.