Product Criteria
Bridging Product
| Term |
Up to 9 months |
| Loan Amount |
£50 - 250,000 |
| Security |
1st Charge * |
| LTV |
Max 60% |
Light Refurb Loan
| Term |
Up to 9 months |
| Loan Amount |
£50 - 250,000 |
| Security |
1st Charge* |
| LTV |
Max 60% of GDV |
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 |
Notes
- Light refurb loans are for renovations that do not require structural works or planning consent.
- No owner occupied properties allowed, and commercial / semi commercial by referral.
- For development land must have detailed planning consent.
- Barns and chapels for conversion count as development.
- We may lend outside of published criteria if project has merit.
Bishopsgate Funding Ltd
Tower Business Centre
Portland Tower
Portland Street
Manchester
M1 3LF
T: 0161 273 5188
F: 0161 273 3367