They aim to support a wider range of property transactions with short-term funding solutions
Two lenders, Tuscan Capital and Cynergy Bank, have announced expanded bridging finance offerings aimed at supporting a broader range of property transactions.
Tuscan Capital, recently acquired by Allica Bank, revealed a series of product enhancements designed to support brokers and their clients with faster and more flexible bridging loans.
Leveraging Allica Bank’s commercial lending expertise, the updated range targets underserved segments, particularly commercial bridging. Key changes include improved pricing with loan-to-value (LTV) ratios of up to 70% for vacant properties, increased refurbishment loans at 75% LTV, and fast-track residential bridging loans with remote valuations and title insurance. The firm will also offer development exit loans of up to £10 million.
“The enhancements we’ve announced today are significant, but only the start,” said Colin Sanders (pictured left), chief executive of Tuscan Capital. “I am really looking forward to sharing what else we have to come in the next few months and encourage brokers to reach out to their business development managers to find out more.”
Meanwhile, Cynergy Bank has also introduced an enhanced bridging finance product focused on larger, more complex transactions.
The offering provides short-term lending for residential, commercial, and mixed-use properties, with loan amounts ranging from £2 million to £20 million.
The challenger bank has appointed Asim Shirwani (pictured right), formerly of LendHub, to lead its bridging finance division.
“The property market is moving rapidly, and our customers need a financial partner that can keep pace with their ambitions,” Shirwani said. “Our new bridging finance offers competitive terms underpinned by speed, flexibility, and tailored support when property professionals need to seize opportunities, including medium and long-term exit options.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
