Positive Commercial Finance secures exclusive bridging product

Positive Commercial Finance has secured an exclusive bridging product from a new-to-market lender.

The bridging option — available only for residential properties in England and Wales — offers loans starting from £250,000 with no maximum loan size at up to 75% LTV based on open market value.

It is priced at 0.58% pm on terms up to 24 months, and comes with a 2% arrangement fee and no exit fees, ERCs or minimum interest period.

John Waddicker, director at Positive Commercial Finance, said: “We believe both of these products to be market-leading, given the leverage on offer.

“We are delighted to offer these products on the lender’s behalf and look forward to a long and fruitful relationship.”

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