Hope Capital has become the first bridging lender to offer a fixed fee loan.
The fixed fee loan is available up to 75% LTV and for a term of between one and six months, with the fee being agreed on a case-by-case basis.
Brian Baker, head of operations at Hope Capital, said: “We are continually looking to offer new products that are innovative, exciting and market leading.
“With the fixed fee loan we have taken a standard product and turned it around to create a simpler and more transparent bridging loan, which allows property investors to quickly and easily calculate their profit potential on any deal.
“We believe we are the only bridging lender to be offering such a facility. It is something the market has long needed and we think it will prove very popular.”