Redwood Bank has launched a residential buy-to-let (BTL) bridging proposition, comprising of two new products.

The new bridging products focus on standard bridging for residential landlord property purchases, development exits and refinancing.

They also focus on residential landlord refurbishment bridging for improvements, designed to enhance value or make a property more mortgageable.

Both products offer loan terms of six, nine and 12 months, with the potential for term extensions up to a further 12 months and are available for both bridge-to-term and bridge-to-exit strategies.

Bridging finance forms part of Redwood Bank’s strategy to support customers throughout their full borrowing lifecycle, providing funding solutions at earlier stages before transitioning to long-term financing.

Redwood Bank chief commercial officer Stuart davidson says: “Bridging finance is a natural next step for Redwood as we continue to grow our lending propositions. We know our customers and brokers value speed, clarity and certainty, particularly when dealing with time-sensitive property transactions.”

“This launch allows us to further support residential landlords, whether they are acquiring a property, carrying out improvements or managing a transition between funding arrangements.”