Bridgebank Capital has announced it is preparing to launch a product for new-build and residential development schemes.
< 
div>Bridgebank Capital has announced it is preparing to launch a new residential product for new- build and residential development schemes.
The product is going to be intended for experienced builder developers. The specifics of the product are to be announced at a later stage.
The substantial institutional investment Bridgebank secured from Pamplona Capital Management in May 2013, has led to the lender announcing a string of different changes in lending criteria.
Following the restructuring of its funding facility, Bridgebank Capital has launched a new fixed rate residential investment buy-to-let bridging product, with no exit fees at an interest rate of 0.85 per cent.
The firm said: “We have a real appetite for both small and large loans and as we have no maximum lending limit, lend throughout the UK and have substantial lending capacity, the opportunities are endless.”
Steve Woods, Head of Sales at the lender commented: “We are delighted with the progress and developments that we have made since securing our investment from Pamplona and look forward to making further changes to support brokers and their clients moving forward."
Leave a comment