Development Exit
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Key Product Criteria
The development exit loan is offered to exit development finance to provide extra time to finish works, to sell the development or to arrange long-term finance.
Purpose:
Refinance development projects that have reached practical completion
Maximum loan size:
£3,500,000
Loan term:
1 to 18 months
MAX LTV:
70%
Arrangement fee:
2%
Interest method:
Retained or Serviced
Monthly rates from:
0.67%
Charge:
First
Early repayment charge:
None
Other Criteria:
Residential with new build warranty in place
