Lending Criteria

 

    • A proven track record in similar developments is preferred but is not essential
    • Loan duration can range from 3 months to 3 years.
    • Minimum construction costs of £125,000 for New Build projects
    • Loans from £26,000 are available for refurbishments or conversions.
    • For residential developments we’ll usually lend up to 65% of the gross development value (GDV). We usually structure the loan facility to cover all construction, infrastructure, services and additional professional costs. You can put any remainder towards the purchase or refinance costs or possibly interest cover.
  • We consider each application on its own merits and structure and price loans to suit each client’s specific requirements.

FINANCE AVAILABLE FOR

  • House Builders
  • Investors
  • Traders
  • Refurbishers
  • Property Companies

FIRST AND SECOND MORTGAGES SECURED ON

  • Residential development sites
  • Construction
  • Houses
  • Individual flats and blocks of flats
  • Not available for first charges on owner-occupied private dwellings
  • Retail premises and shopping centres
  • Office buildings
  • Industrial and warehousing units
  • ·Hotels and leisure properties

 

 Call us on 0208 202 1214 for a decision in principle or to discuss your project. 

 

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Should you like to us directly about your needs, please call us on 0208 202 1214