The bank agreed the facility at 70% LTV, equating to 77% of the purchase price for the vacant commercial property.

Somo's new product offers up to 24 months with no monthly payments, giving landlords time to stabilise income.

LendInvest can now fund individual bridging projects of up to £15m.

The loans were issued at a fixed rate of 1% per month over 12 months at 65% LTV, with repayment as the exit strategy.

The portfolio covers four towns across Hampshire and Dorset.

Regulated first-charge residential bridging now starts from 0.84% up to 70% LTV.

The Pallas Group manages a £1.8bn loan book and has completed more than 1,100 loans since 2016.

Bridging lending in the UK rose to £209.4m in Q3 2025, marking a nearly 5% increase from the previous quarter.

The £556k loan completed at 27% LTV on a twelve-month term.

The combined product now offers up to 24 months for bridge or development loans, followed by up to three years for buy-to-let, creating a total term of five years.