The new option reduces costs and improves turnaround times for scenarios such as auction purchases, portfolio transactions, and urgent completions.

The lender has also changed its criteria and expanded its LTV bands.

The lender says the current stage in the market cycle and the strength of the US dollar is driving prime property activity.

The new roles include a chief sales officer, regional sales managers and business development executives.

The acquisition represented Allica’s first entry into the bridging market.

Gemma has a career spanning over 20 years in financial services.

Try's advisers now have access to the lender's entire range residential buy-to-let and bridging products.

Previously the lender's rates were priced depending on the specific deal and the level of works.

Rates have reduced by up to 0.20% per month.

The range caters to loan sizes between £500,000 and £1.5 million.