Lendy offers a complete range of property development and refurbishment nance solutions for every type and stage of project.
We have one of the most experienced and specialist credit assessment teams in the industry. We are also very commercial, with a track record of getting things done.
Most importantly, we always look for a reason to say yes! And with potentially unlimited funds at market-leading rates, we’ve got very few reasons to say no.
Development finance is designed for the experienced property developer with a strong working knowledge of the market, expertise in developing property, and have good financial standing. Development loans can provide up to 70% of the Gross Development Value (GDV) which may include a roll up of interest and associated costs into the facility.
Large multi-unit block developments may require pre-sale of phases before funding can progress to the next.
Light refurbishment can be used to purchase, or remortgage, a property needing limited repairs, redecoration and refurbishment. It is suitable for most single dwelling buy to let investment property and HMOs.
Medium refurbishment is ideal for property developers who require a facility to carry out remedial building work, renovation or for converting a property where planning consent is already granted.
The refurb may include non- structural conversion of a single building into multiple letting units such as self-contained ats or a multi-tenancy home of multiple occupation (HMO) where internal con guration may be necessary.
Heavy refurbishment products are suitable for experienced property developers with a proven track record of property refurbishment. The facility is suitable for developers who require finance to carry out property refurbishment incorporating some structural building work or to convert a property for residential use.
The refurb may include converting a single building into multiple letting units, self- contained ats or as home of multiple occupation (HMO) accommodation with multiple tenancies.
Only available to experienced clients
This is ideal for customers looking to secure the purchase or refinance of a residential or investment property including chain break while another property is being sold, raising funds for short term requirements, auction purchase, and meeting short-term transaction deadlines.
For the avoidance of doubt, bridging include loans with no repair or development budget.