The product is available up to 75 per cent of the property value, excluding interest, on the first day of the loan and offers up to 100 per cent of the refurbishment or renovation costs.
Borrowers can access between £150,00 and £5m with rates starting from 0.55 per cent.
Richard Whitehouse, sales director at Sancus Lending said: “The interest we have already seen on this product since its launch a fortnight ago has been phenomenal amongst our broker network. It seems to have filled a gap in the market for them on their client offering.
“The additional funds available on first drawdown as a result of our net 75 per cent advance is helping our brokers to win new clients and helping their clients take on more projects without increasing their cash commitment.
He added that it was rolling out the product though its business development teams in the North and South over the coming months via face-to-face meetings and trade shows.
The lender brought out bridge and development products last year, called Bridge by Sancus and Development by Sancus.
Sancus looks at each loan application on a case-by-case basis. It primarily focuses on residential properties and for bridging it typically offers loans between £100,000 and £10m, and for development loans it offers between £500,000 and £5m, at 75 per cent loan to value.
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