Over the past fortnight, we’ve seen a clear run of lender updates across bridging, buy-to-let and development finance, with pricing adjustments, product expansion and continued appetite for non-regulated, value-add transactions.
Bridging finance
United Trust Bank reduced pricing across its bridging range, with rates now starting from 0.57% per month at lower LTVs, rising through to c. 0.65% per month at 75% LTV. This reinforces continued competition on straightforward, lower-LTV bridging and light refurbishment deals.
Inspired Lending also repriced its offering, with rates now starting from 0.79% per month (down from 0.89%), keeping short-term funding competitive for acquisitions and capital raises.
For refurbishment-led transactions, London Credit launched an enhanced range covering light through to heavy refurb, with pricing from 0.85% per month, signalling ongoing appetite for value-add projects—albeit increasingly through lenders specialising in refurbishment rather than generic bridging.
Buy-to-let
Landbay expanded its Premier range to include Small HMO products and AVM-backed remortgages, available to both individual and limited company landlords.
Indicative pricing includes:
- 2-year fixes from 5.59% (1% fee) or 4.59% (3% fee)
- 5-year fixes from 5.49% (1% fee) down to 4.69% (5% fee)
- Up to 75% LTV
The addition of AVM-backed remortgages is particularly relevant for refinance cases where speed and certainty are key, reducing reliance on full valuations in certain scenarios.
RAW Capital Partners also updated its new-build lending criteria, removing the deduction for new-build premiums and instead lending against current market value, up to 65% LTV. This improves certainty for borrowers refinancing or acquiring newer stock.
Development finance
On the institutional side, a new Puma Property Finance / KKR joint venture has launched, targeting up to £500m of deployment into UK residential development, with typical loan sizes between £20m and £75m.
At the SME level, Masthaven has reduced pricing across its development range, with:
- Development finance from 1.09% per month
- Up to 100% of build costs funded
- Development exit from 0.89% per month (up to 70% LTGDV) with no exit fees
This continues the trend of lenders competing on both pricing and leverage to attract experienced developers.
What this means for borrowers
The direction of travel is clear:
- Pricing is tightening on lower-risk bridging cases
- Specialist lenders are leaning into refurbishment and complex structures
- BTL lenders are focusing on speed (AVMs) and higher-yielding assets
- Development finance remains liquid, particularly for experienced sponsors
The key is matching the deal to the right part of the market—particularly where leverage or complexity pushes cases outside mainstream criteria.
Transaction Insight
One of our completions last week involved a client who had secured a property at auction and required funding within a compressed timeframe, alongside a higher-LTV bridging structure.
Given the leverage requirements and deadline, we sourced funding through one of our family office lending partners, enabling us to complete within the required timeframe.
Outcome:
- Completion achieved on time
- Deposit protected
- Funding in place to proceed with refurbishment
We are now supporting the client on their planned exit onto a buy-to-let facility following completion of works.
A strong example of where access to alternative capital and speed of execution are critical on time-sensitive transactions.
If you are reviewing a bridging, buy-to-let or development case and want a second view on structure or lender positioning, feel free to get in touch.
