Bridging rates have reduced across both its fixed and variable products on both residential and commercial property types.

The five-year fixed rate is available for both purchase and remortgage.

Rates have reduced by up to 0.65% on the CHL 1 product range.

The lender has cut rates by between 20 to 40 basis points.

New limited edition products feature up to a 110bps reduction on the standard rates.

Rates now start from 4.14%.

Rates in the range now start from 3.79%.