Key Product Features
- Lending up to 70%, including interest, open market value
- Lending up to 75% restricted investment value
- Loans from £1,000,000 to £10,000,000
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The funding you need:
- Lending up to 70%, including interest, open market value or 75% restricted investment value
- Loans from £1,000,000 to £10,000,000
When you are building to let:
- Available for schemes with three or more units
- Residential: houses, flats, new build, conversions and mixed-use
- Property across the UK in areas with strong demand
- Projects must have planning in place
- Loans 100% secured on the development property
Building to let and in need of funding?
BLG offers build to let development finance, a specialist development loan for professional property developers and landlords.
What is build to let development finance?
Every development finance loan has an ‘exit’ (the means by which the property developer pays back their development loan to the lender), typically the ‘exit’ is the sale of property that has been built.
However, build to let development finance is different. The developer borrows money to build their project as normal, but the ‘exit’ is dependent on the property being let and the rental income generated.
How do I apply?
The simplest way is to call BLG and speak with one of our residential development finance experts, they will ask you about your project and provide you with details of the lending criteria and pricing. If your project fits our build to let profile, we will provide Heads of Terms within 24 hours.
As a point to note, we will require a rental valuation in addition to a sales valuation. And letting may be taken from 120 days before forecasted practical completion if there is a qualified take-out offer.
Build to let with BLG
For full details please call us on 01483 94 94 94 or send us a message. Our business is helping you build.