The lender is expanding its offering beyond the prime property sector.

It will also accept applications for capital raising where the applicant has sufficient equity in an existing property.

The BDLA's membership now exceeds 90 organisations.

The lender has also raised its dual representation offering to £750,000.

The digital-only bridging lender launched last year.

The offer enables brokers to help their clients access bridging finance with fewer upfront costs.

The policy is designed to help speed up the legal process by reducing the number of solicitor checks required.

Bridging rates now start from 0.83%.

The lender’s bridging loans now start at 9.09% in the UK.

The lender has increased the maximum loan amounts and LTVs for AVM, desktop and drive-by valuations.