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:
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Blogs
Mark Eaton: Is 2026 the year brokers die out?
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Vida
Vida launches high LTV 'Pathway' mortgage range
FCA
Tribunal upholds £2m FCA fine for 'corrupt and dishonest adviser'
