The development finance offering will be available for its members and client-facing mortgage consultants.

This follows Magnet's recent announcement that it has expanded its operations team to meet growing demand for its products.

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Ashley Ilsen, chief executive at Magnet Capital (pictured above), said that the lender was delighted to work with the team at Dynamo, and that the collaboration would “undoubtedly” give Magnet’s products further market reach. 

“In testing times, developers need to work with lenders that can deliver and, above all, remain consistent in their offering. 

“During the recent Covid-19 lockdown, we backed all our schemes and carried on writing new business without reneging on a single deal. 

“We’re here to be a long-term development finance partner.”

Ying Tan, founder and chief executive of Dynamo, stated: “We’re excited to be joining forces with Magnet Capital, whose personal and customer-oriented approach to lending so closely matches our own company values. 

“I know that our consultants and club members will welcome their tailored development finance options and commitment to helping clients’ businesses grow."