Loans are available on both a first- and second-charge basis from £25,000 throughout England, Wales, Scotland and Northern Ireland.
There is no minimum term, with a maximum term of 18 months, maximum LTV of 75% (70% for Northern Ireland) and rates starting from 1.06% pm.
The new product is also available for first-time landlords and buyers, alongside property professionals.
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Maeve Ward, director of commercial operations at Mercantile Trust (pictured above), said: “Our new fixed rates provide greater options — plus certainty and flexibility to bridging customers — and will also appeal to those requiring smaller advances compared to those typically offered in the market.
“Our use of AVMs and in-house legals enable applications to be turned around very quickly when timing is paramount.
“In addition, we encourage brokers to refer cases to the Mercantile Trust mortgage desk as they will assess each enquiry on its merit, offering solutions that otherwise might not have been available.”
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