Overview
Unregulated loans for residential and semi-commercial projects, located in England, Wales and Scotland, with up to 100% of the development cost available in most cases.
Development
Key features
Our Development loans are fast and flexible, with competitive rates to suit most clients.
| Max loan: | £15,000,000 |
| Min loan: | £500,000 |
| Max single unit GDV: | £1,000,000 |
| Max per sqft GDV: | £1,200 |
| Max LTV (land): | 70% (including interest) |
| Max LTC: | 85% |
| Term available: | 1 to 24 months |
| Arrangement fee: | 2% |
VAT Funding: LendInvest can assist if VAT is payable on a property purchase.
Pricing options
| Option 1 | Option 2 | |
| Annual interest rate: | 7.98% | 9.00% |
| Max loan to GDV*: | 65% | 70% |
| Exit fee: | 2% | 2% |
*Including interest
Lending criteria
Required for Development finance:
- Experience working on similar projects
- 1st charge security
- Freehold, or leasehold with more than 60 years remaining
- Based on works completed with monitoring surveyor sign off
- A realistic and demonstrable exit strategy
- Properties in England, Scotland, or Wales
Download our Development product guide
Inside you’ll find all you need to know about our Development loans, including rates, fees and criteria.
Valuation and legals
We take our legal and valuation requirements very seriously. Our loan evaluation process is designed to make this as efficient and reliable as possible.
- Independent security valuation. We will carry out independent valuation of the borrower’s security in order to confirm how much we can lend against the property.
- Legal conveyance. We will instruct our solicitors to work on your client’s mortgage. Fees are typically charged directly to the borrower by the solicitor.
Product transition. Fast funding for every stage of your borrower’s project. Find out more
Resources
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