West One increases development finance loan size to £15m
West One Loans has increased its maximum development finance loan size from £10m to £15m.
"As we’ve grown our development finance business over the past three years, the developers we’ve lent to have also expanded their businesses and moved from smaller to larger projects."
West One lends up to 65% LTGDV and 85% LTC on its development finance range, available for experienced developers (minimum of two completed projects) across England and Wales.
Guy Murray, head of development finance at West One, commented: “As we’ve grown our development finance business over the past three years, the developers we’ve lent to have also expanded their businesses and moved from smaller to larger projects.
“We made these changes to ensure we continue offering competitive products to our customers, so they don’t need to find an alternative solution in financing larger development sites.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
FCA
FCA announces new measures to support growth of mutuals sector
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
