OCTOPUS Release new regulated and unregulated bridging products from 0.69% per month

We have increased our residential unregulated bridging leverage back up to 70% Gross LTV, regulated to 65%, and have also reduced the rate!

The New Residential Bridging Product is as follows:

 

Unregulated:

  • Max LTV – 70% Gross
  • Rate – 0.69%pm
  • Minimum of 12 month term (retained)
  • No ERC
  • Max Loan Amount: c.£1m
  • 2% Arrangement fee

Regulated:

  • Max LTV – 65% Gross
  • Rate – 0.72%pm
  • Minimum of 12 month term
  • No ERC
  • Max Loan Amount: c.£1m
  • 2% Arrangement fee

We are also back up to 65% LTGDV on our refurb and development cases!

Do you have any new, current or old cases where you are looking for Plan A or B which would suit this product? Keen to see them!

Oliver Porter – External Business Development Manager

07736 967 355

020 3935 4160

oliver.porter@octopus-realestate.com

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