"By taking a case-by-case approach, we provided tailored funding that met the borrower’s needs, from refinancing large MUFBs to structuring loans for HMO properties"
- Conor McDermott - LHV Bank
LHV Bank has announced the successful completion of £14m of specialist buy-to-let financing for a private family office with a proven track record in property investment and development.
The first phase of the transaction involved refinancing four substantial apartment blocks comprising 72 apartments within a single complex in Manchester.
Following this, LHV Bank provided nine additional loans to refinance a portfolio of six-bed HMO properties on the outskirts of West London, which the borrower had acquired and fully converted.
The transaction, introduced by Alex Haffner, Managing Director at Fusion Funding, enabled LHV Bank to provide a competitive and bespoke refinancing solution. This funding allowed the borrower to unlock capital and further expand their property portfolio.
The initial loan was completed in just eight weeks, covering credit approval, valuation, and legal processes, despite a counteroffer from the borrower’s existing lender.
For the subsequent transactions, LHV Bank successfully addressed challenges such as non-standard construction, ongoing conversion works, and active HMO licensing applications. The team worked closely with all parties to ensure a smooth completion process, demonstrating their expertise in handling complex cases.
LHV Bank specialises in providing Banking Services for global fintechs, SME Lending solutions for UK businesses, and Personal Savings through partnerships with deposit aggregators. Over 200 renowned fintech companies utilise LHV Bank to serve more than 10 million end customers and to access a pool of 500 million potential customers across the UK and Europe.
“This transaction is a testament to LHV Bank’s ability to structure bespoke lending solutions for sophisticated property investors," said Conor McDermott (pictured), Director of SME Lending at LHV Bank, "By taking a case-by-case approach, we provided tailored funding that met the borrower’s needs, from refinancing large MUFBs to structuring loans for HMO properties," He added, "We’re pleased to have delivered a flexible solution in tandem with the dedicated and dynamic approach from Fusion Funding. This allows the borrower to continue growing their portfolio, and we look forward to supporting similar clients in the future.”
Alex Haffner, Managing Director at Fusion Funding, said “LHV Bank demonstrated exceptional agility and expertise in structuring these loans. Their ability to navigate non-standard property types and complex licensing requirements ensured that our client achieved their refinancing objectives while unlocking vital equity for future investments. It was a pleasure collaborating again with them on this transaction, and we value our close relationship going forward.”
