The five-year facility marks the fifth deal between the businesses in five years.

The split loan will fund the development of 8 flats and includes a top-up mezzanine loan of £857,000 at 83% LTGDV for 12 months.

The loan will fund the refinancing of a portfolio of commercial and mixed-use assets and provide liquidity for future opportunities.

Specialist mortgage broker Word On The Street and property lender Hampshire Trust Bank (HTB) have completed £16,762,500 in BTL funding for a Midlands-based landlord client.

The loan was capped at 65% LTGDV and structured over an 18-month term.

The deal was completed in just three weeks ensuring the developer avoided a hefty fine from their concluding finance deal.

The homes, owned and managed by Brickworks Properties, were refurbished over the summer and have since been let out to University of Liverpool and Liverpool John Moores students.

The 12-month term at 0.99% enabled the clients to stay on track with their property renovation and sale.

The funding was secured against the borrower’s current residence in Pathhead, Scotland which is currently listed for sale, and was used to raise capital toward the purchase of a...

LHV Bank has announced the completion of a £7.4m refinancing facility for a long-established property investment and development group.