Quantum Mortgages has announced its entry into the bridging market with the launch of a new short-term finance proposition.

The new products from the specialist buy-to-let (BTL) lender come with features designed to provide flexibility and speed for borrowers, including a seamless transition from the bridging loan to an exit via a Quantum Mortgages BTL product.

Quantum said that its new offering would offer instant reliable terms, certainty of decision, complete transparency and a fully online journey, to ensure an efficient process for borrowers.

Property types that the lender will consider include standard construction houses and flats, non-standard construction up to 60% of open market value, ex-local authority flats up to 70% LTV and houses up to 75% LTV – in areas where at least 50% of properties are owner-occupied.

Quantum will also consider flats with deck access over five storeys at a maximum 60% LTV, and as well as houses in multiple occupation (HMO) and multi-unit properties up to 12 units.

CEO and founder of Quantum Mortgages, Jason Neale, commented: “For the last three years we’ve worked extremely hard to offer borrowers an innovative and common-sense approach to specialist BTL lending, and we’re proud to be delivering the same ethos with our bridging proposition.

“We are pleased with the feedback we have received in our initial launch and look forward to the response from the wider mortgage community.”

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