Ultimate Finance launches Optimise; a digital-first bridging loan built for speed
Asset-based lender Ultimate Finance has launched Optimise, a new bridging loan for brokers supporting experienced residential property developers and investors who need to move fast. Built around a digital application journey with simplified underwriting and a streamlined legal path, Optimise is designed to take cases from application to completion at pace. For completed applications that meet criteria, decisions can be delivered in as little as 24 hours.
Liam Cavanagh, head of bridging at Ultimate Finance, said: “Brokers tell us their clients want three things: speed, certainty and simplicity. Optimise delivers on all three. By bringing together a genuinely digital journey, instant AVMs from Hometrack and dual legal representation, we’re removing friction with residential transactions and giving brokers and their clients the confidence to move at the pace the market demands.”
Key features
- · Loans from £100k to £750k (£500k outside of Greater London)
- · Rates from 0.84% PCM
- · Up to 70% LTV – Using instant valuations via Hometrack AVM (where eligible)
- · Up to 75% LTV – Using a desktop valuation report (where eligible)
- · Dual representation legal panel used to reduce friction
- · Perfect Title insurance to speed up completion times
Optimise complements Ultimate Finance’s established bridging solutions, giving brokers more choice and faster routes for completing on purchase and refinance and exit scenarios.