Paxton launch all England 2nd charge bridging finance product
Paxton Private Finance, an independent, principal lender which specialises in providing alternative, non-regulated, short-term finance solutions, are pleased to announce the launch
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The All England 2nd Charge Bridging Product can be secured against Residential, Semi-Commercial and pure Commercial properties located in England. The maximum loan-to-value is 70%; maximum loan size is £100,000. Interest payments can be serviced monthly or the loan can be grossed up at no more than 70% loan-to-value.
Nick McLean, Partner, said:
“The launch of the All England 2nd Charge Bridging Product targeted at developers with part-completed projects and our recently launched Refurbishment & Conversion product further demonstrate our commitment to providing much-needed funding to small property developers."
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