With immediate effect, brokers can access loans ranging from £250,000 to £4m with a LTGDV of up to 65%.
Brokers can also benefit from 100% of development costs, including professional fees, and a larger day one amount of 70% LTV.
Additionally, projects can accommodate a maximum of 20 units.
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“The updated criteria reflects our ongoing commitment to supporting SME housebuilders across the UK,” said Sam Howard, CEO at Magnet Capital (pictured above).
“By giving brokers the tools they need to better help their clients, especially in a market where timing, certainty, and cashflow are everything.”
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