Grants are available for EPC-rated E, F or G homes under ECO4.

The loan represents 60% of the £2.75 million gross development value of the property.

Barking and Dagenham saw the biggest real rent rise at 16.5%

Rates start at 5.09% for two-year fixed terms.

The lender’s residential 5-year fixed rate is now 4.94%, following a 0.30% cut.

Residential mortgage fixed rates now start from 5.39% following cuts of up to 30 basis points.

75% of renters now spend more than 30% of their income on rent.

Shared Ownership rates now start from 4.24%, up to 95% loan to share.

Excellion Capital shares its insight on the UK’s bridging loan market to help investors seek the right funding solution for their specific needs.

The announcement follows the launch of Portfolio Edge, a dual-structured term and bridging facility for landlords.