With immediate effect, the lender’s upper loan limit has increased from £7.5m to £25m. Higher values will be considered on an individual case basis.
Colin Sanders, chief executive officer, said: “In the continuing absence of mainstream lending, bridging is able to provide borrowers with a wide range of alternative solutions. We, in particular, are seeing increasing demand from developers and investors for large value short-term loans that can be arranged quickly and with a high certainty of completion.”
He continued: “Our in-house funding model enables us to meet that demand. Because we have no external funders to satisfy or syndicates to co-ordinate, we’re flexible, nimble and able to satisfy the requirements of high quality professional borrowers being denied finance elsewhere.”