Interbridge Mortgages has added a new senior warehouse facility of up to £300m from Citi.

The additional funding line is designed to add to the lender’s long-standing funding relationship.

The new facility enhances overall flexibility, allowing Interbridge Mortgages to meet increasing demand, broaden its product capabilities, and strengthen its ability to scale profitably.

The second charge lender was advised by SpecFin Capital on this transaction.

Interbridge Mortgages chief executive Jonny Jones says: “This new funding supports our long-term vision. We have worked closely with our existing funding partner to build a robust, trusted business, and adding this new facility from Citi gives us greater optionality. Successful completion of the facility demonstrates the market’s belief in our growth trajectory.”