70% LTV on Commercial Property Bridging Loans with NO Valuation!
One of our lenders has noticed a gap in the market and have introduced a new product for commercial properties whereby they won't require a valuation up to the value of £500k. This will speed the process up if you need to complete quickly, keep the costs down and it is also available for residential and semi commercial properties. Details:
Loan Size: No minimum loan size to a maximum of £3m
Term: Up to 18 months
Arrangement Fee: 2%
LTV: Up to 70% on commercial properties and 75% on residential properties
Interest Rate: From 0.99% per month
Exit Fee: 1 months interest
No valuation needed up to the value of £500k (this is case by case).
If this is of interest to yourself, please get in touch with the RFL Team