Lancashire Mortgage Corporation has launched a new range of bridging finance products.
The brand is the commercial lending division of the Blemain Group and provides commercial mortgages, buy-to-let, land finance and first and second charge bridging finance.
The bridging range has rates starting from 0.75% and no exit fees, and gives customers the choice to repay their loan over three, six or 12 months.
Customers can borrow up to 75% of the value of the property with interest roll-up and payment deduction options also available on the 12 month product.
Gary Bailey (pictured), director of Lancashire Mortgage Corporation, said: “We listen carefully to our broker partners and this new range of bridging finance products was developed as a direct result of their feedback.
“As a market leader we recognise that these new products reflect the ever increasing uses and demand for short term bridging finance, as well as buy-to-let and auction purchases.
“We have recently secured £100m of additional funding, and with a strong appetite for growth we want to ensure our brokers have the right products that suit their clients, and help them to convert more business.”
