Ultimate Finance unveils digital-first bridging loan ‘Optimise’

Ultimate Finance has launched Optimise, a new digital-first bridging loan aimed at brokers working with experienced residential property developers and investors who require rapid funding.

The product is built around an online application process supported by simplified underwriting and a streamlined legal route. The lender says that for fully completed applications that meet its criteria, decisions may be issued within 24 hours.

According to Ultimate Finance, Optimise introduces several mechanisms intended to reduce delays, including instant automated valuations via Hometrack AVM, the use of dual legal representation, and the option of Perfect Title insurance to shorten completion times.

Liam Cavanagh, Head of Bridging, said feedback from brokers indicated that speed and clarity remain key requirements in the current market.

“Brokers tell us their clients want three things: speed, certainty and simplicity,” he said. “By bringing together a 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 product parameters include:

• Loan sizes between £100,000 and £750,000 (capped at £500,000 outside Greater London)
• Rates starting from 0.84% per month
• Up to 70% LTV using Hometrack AVM, subject to eligibility
• Up to 75% LTV using a desktop valuation, where applicable
• Dual representation legal panel
• Perfect Title insurance option

Optimise sits alongside Ultimate Finance’s existing bridging loan range, adding a faster route for purchase, refinance and exit scenarios.