11 Jun Has your development project been delayed or funding stopped?

Has your Residential development project been delayed or funding stopped?

We have access to a forward thinking lender that;

1. Allows you to refinance you existing development facility
2. Continue to drawdown funds to complete the project
3. And provides time to sell the units once the project has finished

Headline figures;

67.5% Gross LTDV

Up to 90% of Cost

3 – 12 month term

Loan Size £500k – £10mil

Rates from 7% per annum

When to use the above product;

1. The project has not been sufficiently completed to qualify for a straightforward exit or buy-to-let facility
2. The scheme does not have final building control sign-off or new homes warranties across the scheme
3. There is no build facility remaining in the existing development loan
4. The product can also provide a pre-agreed equity release once PC, final building control sign off and new homes warranty is achieved.

Aptus Financial are here to help. We also offer;

1. 75% LTV available against all property types (subject to underwriting)
2. Residential, Semi commercial and Commercial
3. Refurbishment and development finance
4. Bridging finance on all property types
5. Commission splits on introduced business

We are here to guide you through the constantly moving property finance market.

Please contact the team at info@aptusfinancial.co.uk or call 01727 634600