Word On The Street has arranged a £5.6m buy-to-let refinance with GB Bank for Prosperity Network owner Danny Inman, secured against four newly built luxury homes in Cheshire.
The deal completed at 75% LTV on a five-year fixed rate, providing long-term cost certainty across the portfolio.
The transaction was completed against a backdrop of limited lender appetite for high-value new-build residential stock, with the large luxury segment continuing to face tighter credit conditions.
The mix of loan size, asset profile and leverage required careful structuring and targeted lender engagement to bring the deal to completion.
Despite challenging market dynamics, GB Bank’s participation reflects confidence in the asset quality and the borrower’s track record as an established landlord. It also highlights the shift toward bespoke funding solutions as developers and investors navigate a tougher lending environment.
LARGE LOAN DEMAND
Michael Street (main picture, inset), founding partner at Word On The Street, said: “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 (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.”
