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%.

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.