The company said it introduced the new product to its lending offerings after receiving requests to increase support for borrowers with flexible in-life funding requirements.

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The new facility offers the following features:

• available on a first- or second-charge basis, including combinations
• can include residential, mixed-use and commercial properties
• available for up to 24 months
• rates from 0.89% per month
• funds can be drawn and repaid as often as the borrower requires during the loan term
• interest only charged on the outstanding drawn balance at any time and rolled-up monthly, with no non-utilisation fees
• maximum leverage set at 70% LTV, with net advances drawn within a limit that ensures the balance plus interest for the remaining term doesn’t exceed that level
• an initial arrangement fee of 2% based on the facility limit, alongside an annual renewal fee of 0.5% of the facility limit

Owen Bentley, sales director at Inspired Lending (pictured above), said: “This isn’t about launching a new product, but about how we work with our clients.

“Many professional investors are looking for speed, certainty and flexibility, rather than simple off-the-shelf lending.

“Our flexible funding facilities are designed to support that, giving borrowers the freedom to move quickly while working with a lender who understands their long-term objectives.”