RATE REDUCTION

Due to the Bank of England reducing their base rate at the beginning of this month, it has resulted in a few of lenders REDUCING their interest rate!

For example, one of our lenders is now offering bridging and development exit rates from 0.75% per month and refurbishment rates from 0.78% per month!

This lender will fund:

•⁠ ⁠Light and heavy refurbishments

•⁠ ⁠House to HMO/flats conversions

•⁠ ⁠Commercial to residential conversions

•Developer exits - including before PC

•⁠ ⁠Acquisition bridges - residential and semi-commercial

•⁠ ⁠Planning bridges - with refurbishment funding once granted

LTV: Up to 70% NET day one

Loan Sizes: £100k (on bridging), £150k (on refurb) - £15m

Term: Up to 24 months

No exit fees

If you’d like to obtain a free, no obligation quote - please get in touch!