This finance quite often falls into one of the following brackets if we are looking at straightforward finance:

Renovation & nothing materially structural in change

75% LTV, interest serviced monthly, max 18 months – realistically bridging finance to
renovate and sell/move to high street mortgage

Full Development

We can fund up to 80% of plot purchase and then 100% of costs to build, subject to not exceeding 80% LTV throughout the build. Interest only would be serviced monthly over a 12 – 24 month term but sometimes can be rolled up to the end depending on LTV. There must be an exit route, either mortgage through a High Street Bank or to sell properties to repay the loan.

The 100% funding as per the above terms should be very attractive and our completion timeframe is as standard under a month (including valuation and legals), so speed in delivery is very good.