Development Lite - funding structural works and ground-up developments.
| Max LTV: |
70% (Day 1 LTV)
65% (LTGDV) |
| Rates: |
from 0.80% |
| Charge type: |
1st |
| Location: |
England, Wales |
| Term: |
18 months |
| Interest type: |
Retained |
|
- Monitoring surveyor to be used and approval required prior to any drawdowns
- Investment properties only
- Up to 100% of build costs can be funded, in arrears.
- Experience of similar projects preferable.
- Minimum profit margin of 15%
- Minimum age – 18. No maximum age limit.
- Minimum loan size - £150k
- Minimum term – 1 month
|
|
HMO / BTL / PD Conversions
| Max LTV: |
70% (Day 1 LTV)
65% (LTGDV) |
| Rates: |
from 0.70% |
| Charge type: |
1st |
| Location: |
England, Scotland, Wales |
| Term: |
18 months |
| Interest type: |
Retained |
|
- No experience required.
- Typically no monitoring surveyor, but inspections prior to further drawdowns required.
- Up to 100% build costs can be funded, in arrears.
- All appropriate licenses/permissions required.
- Extensions permitted where current internal square footage does not increase by more than 50%
- Ideal for extensions or loft conversions under Permitted Development
- Works to not exceed 15% of GDV.
- Minimum age – 18. No maximum age limit
- Minimum loan size - £150k
- Minimum term – 1 month
- Scotland – mainland only
|
|
Cosmetic refurbishment
| Max LTV: |
70% (Day 1 LTV) |
| Rates: |
from 0.65% |
| Charge type: |
1st/2nd |
| Location: |
England, Scotland, Wales |
| Term: |
12 months |
| Interest type: |
Retained |
|
- Works requiring planning permission or approval not allowed.
- No structural works permitted
- Typically no Monitoring Surveyor, but inspections prior to further drawdowns required
- Minimum age – 18. No maximum age limit
- Minimum loan size - £150k
- Minimum term – 1 month
- Scotland – mainland only
|
|
|