One of our panel lenders has been accredited under CBILS for bridging finance. What is CBILS? It is a government initiative to help UK small businesses affected by coronavirus access finance. You can access up to £5m and the government guarantees 80% of the loan and pays arrangement fees and interest for the first year. The Details: Conditions: Residential bridging loans for refinance and development exit loans.
Associated Fees: Lender arrangement fee and interest are paid b
Development finance with deferred consideration allows a developer to pay for the land at a later date. It could be the solution you need to unlock a difficult property purchase. How does it work? The vendor could agree to defer the payment of the purchase price - this could be either deferring all of the purchase price until the site is finished or the developer paying part of the purchase price on completion and deferring the balance of the purchase price to a later date. I
One of our clients is looking for the following: • Small blocks of apartments and HMO’s around Greater Manchester.
• Single apartments and houses under £120k - built or nearly completed, located in the North and central England.
• Land for small housing sites. If you know of any properties that are available please get in touch with the RFL Team.
One of our lenders are offering free legals throughout November. These work by the client paying for the lenders (and their own) legal fees upfront (like normal) however once the loan completes, the lender will reimburse you for their legal fees. *The client still has to pay for their own legal fees.* If this is of interest to yourself, please email email@example.com quoting ‘Free Legals’ to see if your deal fits.
A few of our panel lenders are offering free valuations to attract your business. These work by the client paying for the valuation upfront (like normal) however once the loan completes, the lender will reimburse you for the valuation fee. If this is of interest to yourself, please get in touch with the RFL Team quoting ‘Free Valuation’ to see if your deal fits. Thank you.
One of our lenders are offering a brand new iPhone 12 for cases over £500k completing between now and the 21st December 2020. Their rates are from 0.59% per month, up to 75% LTV and covering residential, refurb, and commercial bridging. If you have a deal you’d like to discuss, please get in touch with the RFL Team.