Lending Criteria Overview
General Parameters
- We lend against both 1st and 2nd charges
- Valuations usually required on all loans where LTV ≥ 60%
- Fees ≥ 1%
Bridging Parameters
- LTV ≤ 75% (including rolled up interest)
- Interest ≥ 1.5% per month
Development Parameters
- Loan To Value on development site and build costs ≤ 100%
- Loan To End Value including rolled up interest ≤ 75%
- Maximum advance on any one facility and any one borrower £1,000,000
- Interest ≥ 1.5% per month
Planning Parameters
- LTV on site acquisition ≤ 100%
- Share of planning gain ≤ 50%
- Interest ≥ 2% per month
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