Lender & Product Updates (This Week)
- United Trust Bank reduced bridging rates, now starting from 0.57% pcm, with pricing up to c. 0.65% pcm at 75% LTV — sharpening pricing on lower-risk bridging and light refurb deals.
- Inspired Lending repriced its bridging range, cutting rates from 0.89% pcm down to 0.79% pcm, maintaining competitive positioning for acquisitions and short-term capital raises.
- London Credit launched an enhanced refurbishment product covering light to heavy refurb, with pricing from 0.85% pcm, targeting value-add projects with more complex scopes.
- Landbay expanded its Premier BTL range to include Small HMO and AVM-backed remortgage products, with pricing from:
- 4.59% (2yr, 3% fee)
- 4.69% (5yr, 5% fee)
- Up to 75% LTV
- RAW Capital Partners updated new-build criteria, now lending against current market value (no new-build premium deduction) up to 65% LTV, improving certainty for refinance and acquisition cases.
- On the institutional side, Puma Property Finance / KKR launched a new platform targeting £500m deployment, with typical loan sizes between £20m–£75m across UK residential development.
What this means in practice
- Bridging pricing is tightening, but mainly on lower LTV / cleaner cases
- Refurbishment deals remain well supported, but lender choice is narrowing on heavier projects
- BTL lenders are focusing on speed (AVMs) and higher-yielding assets (HMOs)
- Development finance liquidity remains strong, particularly for experienced sponsors
Transaction Insight
We recently supported the acquisition of a mixed-use asset comprising:
- HMO across the upper floors
- Two commercial units at ground floor level
- Garage to the rear with separate access
The deal was secured off-market at below-market value, with a clear strategy:
- Intensification of the HMO
- Rental growth across residential and commercial elements
- Exit on a commercial valuation
Despite the mixed-use nature, we structured funding at 85% LTV, which is a strong result in the current market.
A good example of how the right lender and structure can unlock opportunities that fall outside standard criteria.
