We have been using this particular funder these last 12 months and have completed on some difficult and complex funding enquiries.

 

They have increased what they can do lending wise please see details below.

 

Having become synonymous with non-status, sub £1mil bridging and development deals, but now offer a PLUS! Product

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I’ve summarised below our current offerings but feel that our strongest USP is something that isn’t just a number on the screen, but the effort we put into getting every deal completed. We pride ourselves on the certainty of funding and often win deals that potentially could be placed cheaper elsewhere because of this.  

• Non-Status Lending – Poor credit accepted (bankruptcies, CCJs & administration) as well Expats, foreign nationals, overseas investors etc

• Lend against all types of property including land with planning, part completed developments, arable land, residential, agricultural and commercial.

• 100% coverage of England, Scotland and Wales.

• Private funding – certainty of funding

• Lend against unusual assets; carehomes, holiday lets, pubs etc.

• Residential Bricks and Mortar – up to 70% LTV 1st and 2nd 

• Commercial – 65% LTV London & Southeast and 50%-60% the rest of the UK.

• Development Finance – 50% LTGDV (net) 1st England and Scotland – Wales case by case (ground up, heavy refurb)

• Loan Size - £35,000 – c£1mil+

• Rate – Bridging from 1.25%pm and Development finance 1.5%pm

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PLUS
 

Key Features:

• MAX loan £50,000,000

  • Min £1,000,000

• 100% coverage of England, Scotland and Wales

• Non-Status Lending

• 1st and 2nd Charges available

• Up to 70% LTV on residential properties (based on 180day value)

• Up to 50% net LTV on Land with planning (based on 180day value)

• Up to 60% LTV on Commercial (based on 180day value, vacant possession)

• Certainty of Funding

• Rate – 1.35% per month.