The loan will support the expansion of ASG Finance’s commercial bridging loan portfolio.

The challenger bank enters the specialist buy-to-let market with products up to 75% LTV.

The bank tripled maximum loan size to £15m last month.

The commercial lender has also launched new limited edition products.

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

The broker sales team is now comprised of three regional teams.

The specialist lender has lowered rates on its regulated and unregulated product ranges.

A further discount is also offered for industrial units which meet specified criteria.

The new solution provides financing of up to 90% of the purchase price.

Monthly interest rates now start from 0.69% per month.