The specialist bridging and buy-to-let lender says its Express Bridge product uses automated valuations and an in-house legal process that “will enable applications to be turned around in days”.

Loans are available from £25,000 to £300,000, with a maximum loan-to-value of 65%. 

Rates start from 1.10%, for terms ranging between three and 18 months. There is no early repayment charge.

The product is also available for non-standard construction properties across England and Wales.

Mercantile Trust director of commercial operations Maeve Ward says: “At Mercantile Trust we are always looking at new ways to help borrowers who are underserved by the rest of the market, and Express Bridge is our latest initiative.

“The product is aimed at those who need rapid access to funds, even if they have had some credit issues over the past 12 months. 

“It also suits those looking for smaller advances or those with non-standard property construction.”