Product Criteria
Light Refurb Loan
Term | Up to 12 months |
---|---|
Loan Amount | £50,000 - £500,000 |
Security | 1st Charge* |
LTV | Max 60% of GDV |
Development Loan
Term | Up to 12 months |
---|---|
Loan Amount | £50,000 - £500,000 |
Security | 1st Charge* |
LTV | 100% of build costs subject to that being Less than 50% of GDV |
We may consider projects outside our standard criteria.
Notes
- Light refurb loans are for renovations that do not require structural works or planning consent.
- No owner occupied properties allowed, and commercial / semi commercial by referral.
- For development land must have detailed planning consent.
- Barns and chapels for conversion count as development.
- We may lend outside of published criteria if project has merit.
If you have any questions for us at Bishopsgate please do not hesitate to call us on 0161 273 5188.