Distributor Finance 4 Business has launched a range of bridging products at 80% LTV based on 180 day open market value in conjunction with an undisclosed lender.
The lender has developed a technology solution which removes paperwork to reduce completion time, helping target an average eight working days completion on residential loans.
The loan term is available for 10 months with an additional fee free two-month extension available.
Dave Pinnington, head of distribution at F4B, said: “This is just another excellent addition to our bridging offerings and further enhances our intermediary proposition.
“We are in a unique position being able to provide market leading rates on lower LTVs and are now able to offer the highest LTV rates on the market.
“With the lenders’ technology and our expertise combined, introducers will be provided with a decision in hours. We will then work closely with the lender to complete within the proposed time frames.”