These schemes are by their nature largely speculative and this is understood by the lending market. Location is of above average importance when assessing residential development schemes. Houses are mostly preferable to flats. Borrower's track record and existing exposure are both scrutinised closely.
|Asset||Flats in Zone 1, London|
|Loan to cost||92%|
|Rate||9.50% per annum|
|Asset||Prime single unit, Surrey|
|Loan to cost||77%|
|Rate||8.00% per annum|
Full member of the National Association of Commercial Finance Brokers (NACFB) and a member of the Assocation of Bridging Professionals.