The lender chose to use a desktop valuation to reduce costs and time

House prices have recorded growth for the sixth consecutive month

HREF has started 2025 with a number of significant bridging transactions and anticipates closing a further three deals totalling over £30m in the coming weeks.

The cuts follow the lender's launch of a new range of two-year trackers last week

The 75% LTV loan was executed within three weeks from valuation

The project is expected to take between 6 and 9 months to complete, with the 18-month loan term allowing ample time for this and the subsequent sale.

LHV Bank offered a long-term financing structure without the need for personal guarantees to provide the borrower with the stability required to complete the acquisition.

Higher mortgage rates and rising buying costs due to looming changes in Stamp Duty have taken some of the heat out of recent house price growth.

Construction is expected to complete in Q3 2028 and will be one of the first PBSA developments in Canary Wharf.

As of 14th May this year, new financial sanctions reporting obligations will come into force requiring letting agents to conduct far stricter AML checks