Related topic: InterBay

This move supports brokers with clients seeking diversification opportunities within the commercial space.

The lender says the change will significantly speed up the legal process for brokers.

The lender has also reduced rates by up to 0.20% and introduced a lower minimum loan size.

The commercial lender has appointed two specialist finance account managers and an office BDM.

The commercial lender has also launched new limited edition products.

The expansion sees a new head of bridging at Precise and head of commercial lending at InterBay.