The product range offers first- and second-charge loans from £25,000 to £150,000 at a maximum 75% LTV, with rates starting from 0.85% on terms between 3-18 months.
The lender also has a designated mortgage desk, which acts as a central point of contact for broker enquiries and referrals, which ensures all cases are assessed on individual merits, guaranteeing a one-hour decision.
Maeve Ward, director of commercial operations at Mercantile Trust (pictured above), said: “Our expansion into Northern Ireland has been in the pipeline for some time but, as with anything in the mortgage market, we have to undertake strict due diligence and ensure everything is firmly in place before any official launch.
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“This is a market which will greatly benefit from additional competition as options are currently limited in the short-term lending space.
“Through this expansion, our aim is to provide NI-based brokers with choice and opportunity to write more business and better service the short-term needs of their clients.
“We already provide BTL mortgages in the region and, as a consequence of today’s news, can now offer a bridge-to-term option to landlords in Northern Ireland as well.
“We look forward to engaging with the intermediary community to introduce our extensive bridging proposition.”
This follows the recent appointment of a new senior BDM within the mortgage desk, as well as Mercantile's decision to join the ASTL.
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