Rates now start from 0.64% for residential bridge and light refurbishment products.

All rates now start with a 9.

Gavin Diamond, CEO of Inspired Lending, says the sector is now seeing a greater share of schemes that are more ambitious and more complex in both scope and execution.

Rates have reduced by up to 0.60%.

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.