JMT Finance brings out bridging proposition

Its bridging loans are available up to 80 per cent loan to value (LTV) with rates starting from 1.2 per cent a month.

Terms of up to 24 months are available with minimum loan size set at £50,000 and maximum loan size coming to £300,000.

The lender will consider all property types.

JMT Finance said that its ownership and funding structure allows it to make “quick decisions”, and aims to respond to enquiries in one working day.

The lender said it offers a “personalised lending approach” and takes the time to know clients and tailor products to what they need.

‘A strategic move’

Chris Jones (pictured), managing director at JMT Finance, said: “This is a strategic move which has been implemented on the back of some recent feedback from our introducers and their clients who are looking for a more accessible finance provider at the lower end of the market.

“We recognise that there are limited options for borrowers who are seeking to borrow around £150,000 or less to assist with their commercial property acquisition. We hope that our offering will help to satisfy that requirement.”

He added: “As a privately funded lender, we are not restricted by lending covenants. This means we have the flexibility to adjust our products quickly and frequently to meet the needs of our introducers and borrowers. In some instances, we are also able to tailor bespoke products.”