New business volumes were up by 17% in Q1.

Bridging rates now start from 0.83%.

Tom Denman-Molloy, intermediary sales manager at Mansfield Building Society, says recent criteria changes are not about going back to pre 2022 conditions, but about making sensible...

The new platform enables brokers to obtain multiple and bespoke quotes on the same case, as well as instant pricing and credit-backed DIP decisions.

The product has been developed in response to affordability pressures and regulatory shifts.

Introducers will receive tiered procuration fees between 0.50% and 2.00%.

The reduction applies to all bridging loan types, including residential and semi-commercial assets.

Amy has held previous roles at Masthaven, TSB Bank, Monmouthshire Building Society, GPS Financial and Apex Bridging.

Changes to credit eligibility will also allow borrowers to qualify for lower-priced products.

Alex was previously director of structured finance at Octane Capital.