James Bloom, chief executive of Regentsmead, said that the firm has launched this product following extensive research with their introducers, adding that a more bullish, aggressive attitude must be adopted as the market begins to improve.

“We’re cautiously optimistic, we don’t think we’re at the beginning of another big boom but we do want to capture more market share,” he said.

“We have reduced the payable interest rate by 50 per cent, which eases cash flow considerably throughout the project, and if you are an introducer this will be a much easier product to sell to your clients.”