Word On The Street has arranged a £5.6m BTL facility from GB Bank, secured against four new-build units in Cheshire.
The transaction was completed at 75% LTV with a five-year fixed rate, providing long-term stability and predictable financing costs across the project.
Michael Street, founding partner at Word On The Street, navigated significant market complexities to deliver the completion.
The combination of asset type, loan size and LTV required careful positioning and lender selection.
Michael commented: "This case exemplifies our ability to secure competitive institutional funding even when market conditions are difficult.
“Four high-value new-build units at 75% LTV in the current environment required both deep lender relationships and precise structuring to overcome limited appetite for this type of stock.
“GB Bank’s Jake Baker proved to be an excellent partner, recognising the quality of both the assets and the client's profile as an established professional landlord.
“Word On The Street’s client base is evolving in line with our own growth, and we are seeing an increase in demand for larger loans and more complex requirements — which we have the in-house expertise to deliver on.”
