Product Criteria

Bridging Product

Term Up to 9 months
Loan Amount £50 - 250,000
Security 1st Charge *
LTV Max 60%
Rate From 1.5% pm
Set up Fee From 1.5%
Exit Fee 1 months interest

Light Refurb Loan

Term Up to 9 months
Loan Amount £50 - 250,000
Security 1st Charge*
LTV Max 60% of GDV
Rate From 1.75% pm
Set up Fee From 1.5%
Exit Fee 1 months interest

Development Loan

Term Up to 9 months
Loan Amount £50 - 250,000
Security 1st Charge*
LTV 100% of build costs subject to that being Less than 50% of GDV
Rate From 1.75% pm
Set up Fee From 1.5%
Exit Fee 1 months interest

Notes

  1. Light refurb loans are for renovations that do not require structural works or planning consent.
  2. No owner occupied properties allowed, and commercial / semi commercial by referral.
  3. For development land must have detailed planning consent.
  4. Barns and chapels for conversion count as development.
  5. Marginal cases considered outside of usual terms if good equity available.
  6. Broke commissions paid.