Hampshire Trust Bank completed the £473,000 refinance 13 days after offer.

Glenhawk lent at 75% loan-to-value against the Southampton property, with a second charge at 70% on the borrower’s main residence.

TAB underwrote the loan on market rent rather than the higher passing rent paid by a related-party commercial tenant.

The former Upper Bank Works building will be converted into rental homes, with the £1.43m bridge funding refurbishment works.

Phoenix Money offers bridging loans from £50,000 to £5 million.

The six-month facility was set at 70% LTV against a building that has stood empty for around two years.

The loan completed within 10 working days of agreement in principle, three working days ahead of the borrower’s deadline.

The facility runs for 12 months, with interest retained for the full term.

The cuts span multiple products in its regulated and non-regulated bridging loan ranges.

VAT bridging specialist, Bloomsmith, joined Brickflow in 2025.