Fleet Mortgages has announced a reduction in pricing across several of its five-year fixed rate products, at all LTV levels. For standard and limited company, the buy-to-let specialist lender has cut its five-year fixes at 55% LTV. Fleet’s 65% LTV zero-fee five-year fix has also been cut to 5.24% from 5.34%, and the 75% LTV equivalent has been cut to 5.34% from 5.44%.

SDKA has announced an increase to its semi-commercial LTV to 75%. The bridging lender said the move aims to meet rising demand from developers turning semi-commercial properties into residential residences to take advantage of the non-residential Stamp Duty Land Tax (SDLT) rates.

Alternative Bridging Corporation has provided a £1.15m alternative overdraft facility to support a residential development in York. The site was valued at £2.8m and the client, who was living on site in one completed unit, required funding to continue construction across seven part-built homes, all held on the same title. From first contact to funds being in place, the transaction completed in 12 working days.

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