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Specialism/USP Competitive and flexible property development and bridging finance
Charges 1st
Funding Retail deposits and institutional funding
FCA Regulated Yes
Interest Range Development from 6% pa
Base Rate Variable or fixed rates
Security Types Residential, student accommodation, land
Treatment of Interest Typically rolled
Treatment of Default Interest Serviced
Max LTV 65%
Max Loan to GDV 65% for development, 60% for bridging
Max Loan to Cost 90%
Min/Max Loan Term Up to 36 months
Min/Max Loan Size £1m-£25m for development, £1m-£3m for bridging
Geographical Lending Area England and Wales
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Usually
Commission Rate Broker fees included and paid from the facility
Associations N/A
Upfront Fees No
Early Redemption Charges No
Investment No
Owner-occupied No
Interest-only Options No
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