Oblix Capital increases LTGDV to 70%
Short-term specialist property lender, Oblix Capital, has increased the loan to gross development value to 70% on its development finance product.
"Following feedback and enquiries from our clients, we took the decision to expand our lending parameters for our development finance offering. "
Previously lending up to 65% LTGDV, the development finance range now matches Oblix's light development product, both with rates priced from 9% pa.
Rishi Passi, CEO of Oblix Capital, said: Following feedback and enquiries from our clients, we took the decision to expand our lending parameters for our development finance offering.
"Succeeding our recent enhancements to our valuation and legal processes, this change is the latest part of our on-going commitment to make improvements to our customer proposition."
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