Senior Funding Lenders

Primarily high-street lenders, specialist banks, and short-term funding entities that hold the first charge. Usually these are the most cost effective lending rates, but they don’t tend to be the most generous with the following guidelines:

• Up to 60% Loan to Gross Development Value (GDV)
• Up to 80% Loan to Cost (LTC)
• 15-20% profit on cost required
• Experience required in the same scheme size

Therefore, the high street is usually a place for lending options only for experienced applicants. Below we will explain options available to first time developers, or borrowers with low collateral requiring extra funding percentages.