The suite includes new commercial term second charge, semi-commercial term second charge, and commercial bridge second charge products.

The commercial and semi commercial term second charge products are available at up to 65% loan-to-value (LTV), with loan sizes up to £1m.

The commercial bridge second charge and semi-commercial bridge second charge provides a short term solution for those with an existing mortgage in place, offering 12 month terms and up to 65% LTV.

The new products support customers looking to release equity from commercial or mixed-use properties, especially where their existing first charge rate is favourable or early repayment charges would otherwise apply.

Together managing director of intermediary sales Tanya Elmaz says: “We’re always looking at how we can improve our products to meet market demand, and these latest launches provide brokers and their clients with even more choice.”

“Many commercial or semi-commercial property owners are seeking ways to raise capital without refinancing their primary loan, and second charge solutions are becoming increasingly valuable in achieving this.”