The property was an off-plan, new-build flat in Fulham Reach Development, and will serve as the applicant’s inaugural buy-to-let investment.
The offering is available at up to a maximum 75% LTV and includes a monthly rate of 0.59% for the first six months.
The number of completions recorded between July and September 2020 was up 125% on the same period last year.
The loan was offered at 60% LTV on a term of six months.
The standard rate for residential investment property bridging has been reduced to 0.65% per month with no exit fee and a maximum LTV of 70%.
As part of the restructure Scott Thorpe (pictured) will step aside and be replaced by Andy Marsh.
Changes include an increase from 65% LTV to 70% LTV on second charge bridging and an increase of 65% LTV for borrowers with adverse credit.
Selina Finance offers overdraft-style credit facility up to £1m, enabling portfolio landlords to borrow against the equity tied up in their investment properties.
Primis’ brokers will be able to access Landbay’s range of both mainstream and specialist buy-to-let mortgage products through its online intermediary portal.
Zephyr’s new rates start at 3.14% for a 2-year fixed-rate standard property BTL mortgage.