The facility will support the 34-bedroom hotel through its trading ramp-up after it reopened in April following an extensive renovation.

The 71.25% LTV loan will support construction completion over the next three months, with further sales expected.

The Society will consider landlords with up to 10 mortgaged properties, including those already financed by Tipton, with aggregate borrowing capped at £1.5m.

Landbay's latest survey finds 34% of landlords plan to buy additional properties, while refinancing and product transfers remain key priorities.

All of the new products go up to 75% LTV with a minimum loan size of £75,000.

Sandbanks in Dorset recorded a 93% rise, from £665,000 to £1.28m.

The property refinance released capital against a £1.3m detached period property, putting the borrower in a position to pursue further auction purchases.

Roof, guttering and external leak reports increased by 460%, while external damage reports rose 233%.

Lender appetite in the North West and East of England outpaced London in Q3, while the value of residential property searched fell 35%.

The range covers standard buy-to-let, small HMOs, small multi-unit freehold blocks and holiday lets, with borrowing available up to 75% loan-to-value.