BLOG: Old Fashioned Values, Modern Day Thinking

The number of lenders operating in the short term lending sector today numbers well into the hundreds. Almost every week there is news of yet another new lender entering the sector and whilst it is becoming a crowded space, the winners in this are brokers and borrowers, because more choice means more chance of getting a deal funded. One thing that has changed and perhaps not for the better, is how far bridging has moved away from its original premise. The days of obtaining finance within days based on the asset seem a long, long time ago. Now, most bridging...

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Land with planning bridging loan

We are a principal lender that can fund land that has full planning permission up to 70% of its current value. It doesn't matter whether it has planning for residential, commercial or industrial use.We always use the full Open Market Value (OMV)and as long as one of our panel valuers confirms the value, we will lend up to 70% of it. Land with planning overview Acceptable security Full planning (not outline) required in all cases. Location England & Wales Borrower 21-85 years of age at the end of the term Limited companies, LLPs and individual borrowers Foreign nationals with UK...

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