Our Medium Works Loan with up to 70% GDV
With loan values of £75,000 to £3,000,000, our Medium Works product is available to all types of borrowers, including foreign nationals and first-time developers. Perfect for use on residential or commercial properties requiring refurbishment or conversion to a small residential scheme, this product offers rates from 0.7% per month and up to 75% LTV Day One. Read the full details below and use the “Apply” button to submit your enquiry and speak to a team member.
Key Features:
- Loan size £75,000 – £3,000,000
- Rates from 0.7% per month
- Up to 75% ltv day one
- Up to 100% of works
- First Time Developers Accepted
- All types of borrowers considered
- Foreign nationals accepted
-
Loan Size
1st Charge
£75,000 - £3,000,000
-
Property
Residential or commercial property requiring refurbishment
or conversion to a small residential scheme -
Term
Up to 18 Months
-
Location
England and Wales
Frequently Asked Questions
Here is a bit more information we think might help.
-
What scope of works can be completed with a Medium Works Loan?
A Medium Works Loan can be used on any residential or commercial property requiring refurbishment or conversion to a small residential scheme.
-
Who can get a Medium Works Loan?
All types of borrowers are considered, including First Time Developers, Corporate Borrowers, Trusts, Overseas Borrowers, Individual Borrowers, UK and Foreign Nationals. Borrowers must be a homeowner or own at least 1 UK property. Evidence of additional net assets may be required.
-
What is LTV?
LTV stands for Loan to Value. This ratio measures the relationship between the value of the property and the loan amount secured on it. For instance a loan of £100,000 against a house with a value of £200,000 would be 50% LTV. On Medium Works Loans, we can offer up to 75% LTV on Day One. Borrowers seeking more than 75% LTV will have a loan value cap of £1,000,000.
Apply for our medium works product
Straightforward applications and quick decisions.