Lower costs, greater competition drive LTV rise

Investor appetite for debt in Q1 has seen more than half of all loans by value having LTVs greater than 65%, according to Laxfield Capital’s latest UK CRE debt barometer. The increase compared to 45% of loans for the whole six months to end of March, implying investors had begun 2015 optimistically. The same figure was only 35% for the previous six months.