I have great news that we can now consider 70% LTV against OMV on residential and semi-commercial property.
We have also increased our maximum loan to £5m
I have detailed below our current criteria as a reminder and look forward to looking at any potential enquiries you may have.
- Residential/light/heavy refurbs – capped at 70% gross on day one
- All refurb deals capped at 65% on GDV
- Clean credit
- Fully retained plus partially serviced (minimum 6 months retained)
- Mixed use schemes – 70% up to £1.5M – 65% £1.5M+
- All loans up to £5M considered
- No fully commercial lending
- No land with planning
- No 2nd charges
Keep an eye out for more emails over the coming weeks with further criteria updates and improvements.
Glenhawk Business Development Manager
E: firstname.lastname@example.org M: 07464 202 157 DD: 0207 100 8787