Loan books increased by more than 16% in Q4 compared to the same period in 2022.

The new service provided in Scotland follows expansion in regions across England and Wales.

Following a new institutional funding line, Blend is widening its product offerings.

The rates offer a 1.5% broker commission.

Annual contributor gross lending rose by 16% in 2023.

The 12-month bridging loan offers a reduced interest rate.

The specialist lender has widened the scope of heavy refurbishment projects it can support.

The funding will allow Blend to add new products to support property developers.

The offer will apply to all bridging cases that complete in the next three months.

Residential rates are now available from 0.85%.