The £136.8m facility is secured on two towers holding 487 let apartments and 14 commercial units.

Iron Bridge Finance has invested more than £330m across more than 300 projects since 2014, with a combined GDV above £2bn.

Tide puts the lost time at £1,778 per business, or around £1.5bn across 864,000 qualifying businesses.

BTL remortgage searches rose 34% month on month and are 4% higher than a year ago.

Under the new rules, landlords must have a competent person investigate damp and mould reports within 10 working days.

The facility was set at 65% of open market value and 70% of vacant possession value.

Four factors are behind the caution: wariness, rising costs, new regulations and the wish to keep good tenants.

The conversion of Chartist House into 15 apartments has an expected GDV of about £6.2m on completion.

The £1.9m facility includes an initial £800k advance at 80% LTV, with the remaining £1.1m available through staged development drawdowns.

Average annual rental yields in England and Wales rose from 7.5% in Q3 2025 to 7.9% in Q3 2026.