The refurbishment product is available for both light and heavy refurbishments.

The lender says it is seeing a significant increase in enquiries for borrowers looking for higher leverage.

The lender has streamlined its residential refurbishment offering from five products down to three.

The new range provides short-term finance for landlords carrying out light refurb works before giving them the option of switching onto a longer-term fixed rate.

Full funds will be available from day one, allowing greater flexibility.

Monthly interest rates now start from 0.69% per month.

The lender will expand its focus to the development finance and residential refurbishment markets.  

Rates have reduced by up to 0.80%.

Jaxon Stevens, relationship director at ASG Finance, says the most ambitious projects are likely to bring higher returns in the current market.

Anna Lewis of Castle Trust Bank considers the difference between heavy refurb and light refurb bridging finance, and how these products can help property investors to maximise their...