Reduced LTV Rates for our Developer Exit Product
Oct 18 2017
We are delighted to announce that our Developer Exit product now includes a new and competitive lower LTV pricing band, available for loans up to 65% LTV including fees and interest.
Our Developer Exit product is short term finance available for experienced developers, with a residential development that has reached practical completion, who require an interest roll up facility to give them time to sell.
The product provides an alternative to the typically more expensive options of extending existing development finance or using a bridging loan.
With a term of up to 12 months and no exit fees, our Developer Exit product offers simplicity, enabling your client to achieve the best price on the open market, as well as the cash to move on to their next project.
The new pricing is available in addition to the existing product, which is for loans up to 75% including fees and interest.
For more information, please see our Developer Exit product page, contact your Senior Business Development Manager or call the Sales team, on 0345 878 7000.