Apply for Loan

Fields with asterisk are required
By submiting you accept the
Privacy Policy and Process of Data

London Credit pilots Development Finance launch

London Credit has launched a pilot of its Development Finance offering up to 70% LTGDV, which it will use to refine the proposition ahead of a full launch.

Earlier this year, London Credit recruited Jake McCausland to lead the lender’s planned expansion into development lending, which has commenced its first stage with the pilot.

As part of the pilot, London Credit will provide finance on a small number of schemes  to refine its lending and service proposition and ensure it meets the needs of brokers and their clients before a controlled launch to the whole broker market.

London Credit currently provides bridging loans from £100k to £3.5m on residential, commercial and semi-commercial properties in London, the South East and major cities, with terms from three to 18 months. Loans can be used for a range of circumstances, including product refurbishment, auction finance and capital raising. The maximum LTV on residential is 75% and on commercial and semi-commercial loans is 65% LTV.

 

 Jake Mccausland, Head of Development Finance at London Credit, says:

“At London Credit, we understand that Development Finance is a very specialist area of lending and it’s important to ensure both product and processes are built to meet the specific needs of developers. With this in mind, we are launching in a controlled way to ensure we are completely happy with our proposition before rolling it out more widely. We look forward to the next stage of our launch in the coming months and helping brokers to deliver new funding options to their developer clients.”

London Credit pilots Development Finance launch
21 October 2024

Articles

London Credit has introduced enhancements to its website and product guides to provide brokers with clearer, more accessible information on loan criteria and product offerings.

12
Mar
2025

London Credit has announced an increase in the maximum Loan-to-Value (LTV) for semi-commercial bridging loans, rising from 65% to 70%.

6
Mar
2025

London’s property market has long been seen as a safe bet for investors. The reason? It’s all about liquidity.

26
Feb
2025

London’s housing crisis isn’t going to resolve itself, but there are signs of change.

20
Feb
2025