What we fund
Five product lines covering most of what a property business needs to borrow against. The figures below are the working range. Deals sit outside them regularly and we will still take the call.
Bridging loans
Short term security against property when the timetable is fixed and a term lender cannot move fast enough.
- Size
- £150k to £25m
- Term
- 3 to 24 months
- Leverage
- Up to 75% LTV
Typically used for
- Auction purchases with a 28 day deadline
- Chain breaks and below market value acquisitions
- Refinancing a facility that has run past its term
- Releasing equity to fund a deposit elsewhere
Commercial mortgages
Term debt secured on offices, retail, industrial units and mixed use property, held or owner occupied.
- Size
- £250k to £15m
- Term
- 3 to 25 years
- Leverage
- Up to 75% LTV
Typically used for
- Owner occupier purchases and refinances
- Investment property let to commercial tenants
- Mixed use blocks with residential above
- Trading businesses buying their own premises
Development finance
Staged funding across land, build and exit, drawn against a schedule your quantity surveyor signs off.
- Size
- £500k to £40m
- Term
- 6 to 36 months
- Leverage
- Up to 70% GDV
Typically used for
- Ground up residential and mixed use schemes
- Land with planning already in place
- Permitted development conversions
- Development exit facilities once units are complete
Refurbishment and conversion
Light and heavy refurbishment funding where the works change the value, the use or the planning class.
- Size
- £150k to £10m
- Term
- 6 to 24 months
- Leverage
- Up to 75% of cost
Typically used for
- Light works with no change to the structure
- Heavy refurbishment involving structural change
- Offices and retail converted to residential
- HMO and multi unit block conversions
Portfolio and buy to let
Limited company and portfolio landlord facilities, including HMOs, holiday lets and multi unit freehold blocks.
- Size
- £100k to £20m
- Term
- 2 to 25 years
- Leverage
- Up to 80% LTV
Typically used for
- Limited company and SPV structures
- Portfolio refinances onto a single facility
- HMOs, MUFBs and student accommodation
- Overseas landlords borrowing through a UK company
What we will ask you for
Not on the first call. Once terms are agreed, having this ready is the single biggest thing that shortens a completion.
On the asset
- Address, tenure and title number
- Purchase price or your view of current value
- Photographs, floor plans or a schedule of works
- Existing leases or tenancy agreements
On you
- Photo ID and proof of address
- A short property CV of what you have done before
- Last two years of accounts, if a trading company is borrowing
- A written exit: sale, refinance or a term facility