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The lender has reduced pricing across its light and heavy refurb products
No Valuation bridge provides breathing space for developer
The sponsor will use the funding to enhance occupancy and rental performance
The new product is available for commercial investment and owner-occupied properties
Automating admin tasks frees up brokers to use their specialist knowledge
New sales director brings 16 years of banking and specialist lending experience
Additional security from an existing portfolio asset enabled a flexible funding solution for the borrower
Refinancing was needed after a private bank said the asset no longer met its criteria
The complex portfolio comprises 45 flats across nine residential blocks
The property’s condition rendered it unsuitable for a conventional BTL mortgage
Twenty7tec data shows remortgaging gaining momentum as purchase activity slows
Loans above £1m represented less than 9% of cases but 43% of total lending value
Strong collaboration secured funding against a Dunoon commercial property in nine days
Enhanced funding capacity supports growth plans and rising demand
The lender expects commercial activity to pick up as applications progress into completions
The lender is also bringing in short-form or automated valuations for some cases
The project needed extra time to complete after illness in the development team
The assistant will gather, check and chase evidence to create a fully packaged case for brokers
Latest update adds fresh pressure amid FCA scrutiny and accusations of double pledging
Lender strengthens broker support as bridging volumes surpass £500m