Bridging and development lending specialist, Momentum Finance Group has been trading since 2020 and facilitates for residential and commercial properties, primarily covering Leeds and its surrounding areas.

Within the next two years, Momentum is looking to expand its loan book to approximately £50m.

A Shawbrook client for over four years, the specialist lender approached the bank to increase its funding line in a bid to extend its reach and support to clients across broader regions in the North West and targeting the South of England.

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Commenting on the facility, Damian Slingsby, managing director at Momentum Finance Group, commented: "Working with Shawbrook from almost the start of our business, we have built a solid partnership based on both teams’ industry knowledge, service flexibility and our joint commitment to growth.

“This latest increase is an invaluable step in our growth journey.”

Liam McGall, director of speciality finance at Shawbrook, added: "Damian and his team have extensive experience in the property sector and with their service ethos, we have seen the business grow considerably in a short time.

“This along with a good understanding of Momentum's objectives has enabled us to tailor the increased facilities swiftly and efficiently.

“We look forward to continuing our partnership with Momentum Finance Group and supporting their journey towards significant expansion.”