Positive Lending has expanded its bridging proposition with the addition of a new product designed to help buy-to-let individuals and limited companies which face the risk of repossession of their assets.
It is available up to 65% LTV for properties of £150,000 or more.
The product is offered to a limited panel of packagers via an undisclosed bridging provider.
Paul Mcgonigle, operations director at Positive Lending, said: “We have worked alongside this lender for some time now and we are delighted to be selected as one of three businesses to package this product. This offers the client the opportunity to sell their stock at a reasonable price and potentially avoid the property selling via their creditor at a reduced price. Our experience in the bridging sector is vast and this has been recognised by lenders who have seen that we know the market inside out