The product has a 1.50% facility fee, no exit fee and will be available on loans from £500k to £10m up to a maximum of 65% loan to value.
Chris Fairfax, managing director at Positive Lending, said: “We believe this to be the lowest priced short-term loan product available in the UK.
“This product is great for prime residential refurbishment, chain breaks and capital rising.”
Fairfax refused to be drawn on the identity of the lender but did confirm that it was a small private bank.
Positive Lending currently has over 2000 registered introducers and works with a number of UK mortgage networks.
