LHV Bank provides £7.01m refinance facility for Oxfordshire hotel, golf and spa resort

22 June 2026

LHV Bank has completed a £7.01 million commercial mortgage facility to support the refinancing of Bicester Hotel Golf & Spa, a four-star hospitality, leisure and wellness destination in Oxfordshire.

The resort comprises 52 guest bedrooms alongside a wide range of leisure and hospitality amenities, including an 18-hole golf course, spa, health club, restaurant, event facilities, and extensive food and beverage operations.

LHV Bank provided the structured commercial mortgage facility at an LTV of 70% over a five-year term. The facility included an initial interest only period, followed by capital and interest repayments on a 20-year amortisation profile.

The refinancing enabled the borrower to consolidate multiple existing debt facilities into a single loan structure, enhancing cash flow while releasing additional capital to support planned investment and future growth across the site.

As a long-established, owner-operated leisure asset with multiple revenue streams, the transaction required detailed analysis of the business's trading performance, financial forecasts and growth strategy.

The transaction was introduced by Paul Mak of Pomegranate Commercial Finance Limited.

LHV Bank, a fully licensed UK 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 fintech companies utilise LHV Bank to serve more than 10 million end customers and access a pool of 500 million potential customers across the UK and Europe.

Callum Livingstone, Lending Director at LHV Bank, commented:

“Hospitality assets often require lenders to look beyond a single set of accounts and understand the wider story behind the business. In this case, we were supporting an experienced operator with a long track record of ownership, a clear strategy for the site, and a management team already delivering meaningful operational improvements.

“What stood out was the strength of the underlying asset and the sponsor’s commitment to investing in its future. The refinance created a simpler capital structure and provided the flexibility needed to support the next phase of growth. These are the types of transactions where a relationship-led approach and a detailed understanding of the business are vital.”

Paul Mak, Director at Pomegranate Commercial Finance Limited, added:

“From the outset, LHV approached this transaction with a commercial mindset. There was open communication throughout the process, sensible discussions around the business plan and a genuine willingness to work collaboratively towards a solution. That level of engagement gives brokers real trust when introducing clients with substantial trading businesses and long-term growth ambitions.”

To find out more about LHV Bank, visit www.lhv.com/business.