The specialist distributor has access to an 80% LTV bridging product, which is based on the 180-day open market value with a loan term available for 10 months with an additional fee-free, two-month extension available.
Finance 4 Business has partnered with an unnamed lender who has developed a unique technology solution which removes time-consuming paperwork to reduce completion times.
The lender is targeting an average eight working days for completion on residential loans.
Dave Pinnington, head of distribution at Finance 4 Business, said that with its new lender’s technology and its expertise, introducers will be provided with a decision in hours.
- Ex-V Loans director joins Finance 4 Business
- Simon Juniper joins Finance 4 Business'
- AOBP AGM: Russell Martin named new chairman
“This is just another excellent addition to our bridging offerings and further enhances our intermediary proposition.
“We are in a unique position being able to provide market-leading rates on lower LTVs and now are able to offer the highest LTV rates on the market.”
Towards the end of last year, Finance 4 Business revealed it was targeting 185% growth for 2017 and has since appointed bridging specialists Simon Juniper and Dave Pinnington to help reach its targets.