The lender has also raised its dual representation offering to £750,000.

The digital-only bridging lender launched last year.

The updates apply across both core and specialist ranges and cater to a variety of borrower profiles.

The offer enables brokers to help their clients access bridging finance with fewer upfront costs.

The funding will enable MT Finance to expand its buy-to-let mortgage offering and expand its specialist lending proposition across other mortgage product lines.

The lender has also reduced rates across its residential range by up to 0.35%.

The policy is designed to help speed up the legal process by reducing the number of solicitor checks required.

New business volumes were up by 17% in Q1.

Bridging rates now start from 0.83%.

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