Ultimate Finance has launched ‘Optimise’, a new bridging loan aimed at brokers working with experienced residential property developers and investors who need to progress transactions quickly.
The product is built around a digital application journey with simplified underwriting and a streamlined legal process, enabling cases that meet criteria to receive decisions in as little as 24 hours.
Optimise offers loans from £100,000 to £750,000 (capped at £500,000 outside Greater London), with rates from 0.84% per month.
Loan-to-value (LTV) ratios are available up to 70% using Hometrack automated valuations where eligible, and up to 75% with a desktop valuation report.
The product also uses a dual-representation legal panel and Perfect Title insurance to support shorter completion times.
Liam Cavanagh (pictured), head of bridging at Ultimate Finance, said: “Brokers tell us their clients want three things: speed, certainty and simplicity. Optimise delivers on all three.
“By bringing together a genuinely digital journey, instant AVMs from Hometrack and dual legal representation, we’re removing friction with residential transactions and giving brokers and their clients the confidence to move at the pace the market demands.”
