LTV |
Loan size |
Rates from |
Application fee |
Arrangement fee |
≤60% |
£200k – £3m |
0.52% |
£495 |
2% |
≤45% |
£200k – £3m |
0.44% |
£495 |
2% |
These are approximate monthly interest rates.
We charge our interest on a daily basis.
Standard pricing model shown above. Flexible options available upon application:
- Pro-rata reduction in arrangement and procuration fee
- Reduction in arrangement fee with increased interest rate
– Every 0.1% reduction in arrangement fee increases interest rate by 0.3%
Note: interest rates on bridging loans are subject to a minimum interest rate of 5.24% per annum. Talk to us to find out more.
Other fees to be paid by your client:
- Valuation fee
- Legal fees
- Quantity Surveyor fee (for some development cases)
Fees are outlined in the Society’s Tariff of Mortgage Charges.
Applicant criteria |
Minimum age |
18 |
Maximum age |
85 at the end of the loan |
Maximum number of applicants |
Four |
Residential status |
• UK and EEA accepted
• Non EEA with permanent right to reside in the UK considered |
Non-EEA/Expats |
Expat loans considered |
Credit impairment |
We are unable to accept credit
impaired applicants |
Security criteria |
Location |
England or Wales |
Primary security |
Must be residential in nature |
Additional security |
• We accept more than one property as security
• We will consider a second charge on additional security
• We will consider development land as additional security |
Stage drawdown criteria |
Timings |
• Stages pre-agreed at application |
Acceptable evidence |
• Lender visits
• Architect updates
• Project manager letter
• Photographs
• Other options agreed in advance |
Considerations |
• Greenfield sites will require an additional security |
Loan criteria |
Amount |
£200k – £3m |
Term |
Usually up to 12 months. Up to five years for High Net Worth individuals |
Maximum LTV |
60% overall based on the Open Market Value |
We accept residential properties as security, for example:
- Main home or new home
- Second home
- Buy to let
- Holiday let
- Houses with land, an annexe or a commercial element
We are happy to consider unusual properties, including the following:
- Listed buildings
- Large acreage
- Properties with an annexe
- Leasehold (with min 50 years at completion of the loan, 15 years in Central London)