Omni Capital raise maximum loan to £25m
Specialist high-value, short-term lender Omni Capital has strengthened their position in the mark by increasing their maximum loan size to £25 million for borrowers investing in UK property.
Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in C:\inetpub\wwwroot\2025.financialreporter.co.uk\htdocs\templates\front-end\partials\article_blockquote.php on line 2
Colin Sanders, chief executive officer, said:
"In the continuing absence of mainstream lending, bridging is able to provide borrowers with a wide range of alternative solutions. We, in particular, are seeing increasing demand from developers and investors for large value short-term loans that can be arranged quickly and with a high certainty of completion."
He continued: "Our in-house funding model enables us to meet that demand. Because we have no external funders to satisfy or syndicates to co-ordinate, we're flexible, nimble and able to satisfy the requirements of high quality professional borrowers being denied finance elsewhere."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn