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Through Affirmative, Cheval and Lowry Capital, Pink will now be able offer bridging finance to intermediaries.

All three providers offer bridging finance on residential and commercial properties and have a wealth of experiences in the sector, according to Pink.

Neil Hoare, associate director of marketing and IT for Pink, said in the current climate bridging could be used in a number of ways such as when a chain breaks down or there is a temporary gap in completion dates.

Mr Hoare said: "Historically intermediaries may have been put off bridging finance due to the high costs involved for their clients.

"But in the current climate the prospect of losing a sale and having to start the buying and selling process all over again in a falling market, is not worth the risk."

Sarah Gwilt, mortgage associate for Birmingham-based IFA Essential Money, said she would strongly advise clients against using bridging finance unless it was for an investment property.

She said: "It is risky at the best of times but even more of a risk in a downward market."