Annual contributor gross lending rose by 16% in 2023.

The 12-month bridging loan offers a reduced interest rate.

The specialist lender has widened the scope of heavy refurbishment projects it can support.

The funding will allow Blend to add new products to support property developers.

The offer will apply to all bridging cases that complete in the next three months.

Residential rates are now available from 0.85%.

The promotion is available on all residential, commercial and semi-commercial bridging applications up to £1m.

There is no cap on saving for this year's promotion.

Anna Lewis of Castle Trust Bank explains the basics of bridging finance and some of the most popular uses for short-term property lending.

Rates are reducing by up to 0.55%.