A bridging lender has introduced its own “Broker of the Month” and “Deal of the Month” awards to recognise its most valued working relationships.

Bridgebank Capital has announced it will be handing out the new awards in order to recognise its most valued relationships in the industry.

They will be awarded to the most service-focused and professional brokers with whom the lender works.

Bridgebank’s “Deal of the Month” award will be awarded to a broker who completes one specific loan advance that both displays their ability to deal with the complexity of the case and where the professional has contributed significantly in the smooth running of the process.

The lender’s “Broker of the Month” accolade, on the other hand, will recognise a single broker for the quality of the deals they bring to Bridgebank.

The award will be given to the broker who has provided a consistently high flow of deals while providing all relevant information in a timely manner and communicating transparently throughout the bridging finance process.

Speaking about the decision to introduce the awards, Bridgebank Capital’s Group Managing Director Laurence Goodman said: “Following our new institutional investment funding and fast track growth profile, we took the view that it was important to demonstrate to valued introducer brokers how highly regarded the relationships we have with them are to the company

“These awards are over and above any fees and commissions that are agreed to be paid to brokers and act as a ‘thank you’ to further illustrate the esteem with which we consider broker relationships.”

Bridgebank’s award scheme follows the introduction of a £100 million funding line, Laurence Goodman went on to explain: “Our new investment funding has catapulted Bridgebank Capital into a much larger and more corporate lending entity which is evidenced by the significant and material growth in resource support already implemented within only the first six weeks following completion of the investment deal.

“This has involved a threefold increase in staff numbers and the opening of our London office.

He concluded: “Overall, this has created an opportunity to run the organisation with a greater focus on Marketing and broker support.”

Winning brokers will be presented by their regional BDM with an acrylic tombstone award and £500 worth of Voucher Express shopping vouchers, which can be spent at over 250 national brand outlets.