The FCA-regulated bridging lender will also offer rates of 0.75% per month on loans up to 60% LTV and 0.85% on loans up to 70% LTV.

The changes come after Greenfield widened its institutional funding to allow it to offer what it believes to be very competitive products at the sharp end of the bridging market.

"We have listened to our introducers and borrowers and tailored our products around their requirements,” said David Grant, operations director at Greenfield Capital (pictured above).

•   Greenfield Capital becomes NACFB patron
•   Bridging sector records solid Q2 growth
•   Funding 365 and Adapt complete £1.46m commercial bridge

“We still believe that each case should be speedily underwritten against its merits as one size does not fit all, so being flexible where necessary helps us maintain our competitive edge and capture the business.”

Greenfield’s regulated and unregulated bridges have no exit fees, no serviceability requirements, no gimmicks and no bait and switch on agreed terms.

The lender also revealed that if introducers called its business development managers, the latter would have even better terms available for introducers who refer larger volumes of business.

“We have no upfront fees, just a 2% arrangement fee at completion, from which we still pay 1.5% in procurement fees and (where charged) we can collect broker fees on behalf of the introducer, too,” added David.

“We value our introducer relationships, so I promise our BDMs will be hot on the phones updating them with our latest offering.”