With our continued commitment to support social economy organisations, the Property Development loan might be the helping hand you need to assist a redevelopment of existing premises or the construction of new premises.
You will have the full support of one of specialist Relationship Managers who will fully understand your business and will offer help and support to you through the process.
The Property Development loan is paid out at different stages of your construction, in line with your needs. There is an option for no interest and no loan repayments to be due until the property is completed.
- Typical amounts borrowed £1m-£5m
- Typically 70% Loan to Value
- Maximum 3 year term with option to convert to a different product after this time
- Fees are generally 1.5% of the advance
- Interest rates margin is calculated on a case by case basis
** Base = Bank of England Base Rate
If the security provided is against a property or assets that you own, please remember that these may be repossessed if you do not keep up repayments on your loan.