70% LTV on Commercial Property Bridging Loans with NO Valuation!

One of our lenders has noticed a gap in the market and have introduced a new product for commercial properties whereby they won't require a valuation up to the value of £500k. This will speed the process up if you need to complete quickly, keep the costs down and it is also available for residential and semi commercial properties. Details:

• Loan Size: No minimum loan size to a maximum of £3m

• Term: Up to 18 months

• Arrangement Fee: 2%

• LTV: Up to 70% on commercial properties and 75% on residential properties

• Interest Rate: From 0.99% per month

• Exit Fee: 1 months interest

• No valuation needed up to the value of £500k (this is case by case).

If this is of interest to yourself, please get in touch with the RFL Team