Rishi Passi

Oblix launches new product range

Oblix Capital has announced the launch of a new suite of bridging and development finance products following a surge in demand.

The range includes a light development product targeted at borrowers with minor development projects that require less monitoring.

Meanwhile, the new bridging offerings include a development exit product and a permitted development product for those wishing to purchase a property that already has permission or rights for conversion from commercial to residential.

“We have spent many months reviewing our products against our customers’ needs and ensuring that they are aligned,” said Rishi Passi, CEO at Oblix (pictured above).

“While doing this we quickly realised that our clients borrowing requirements were all so unique that it made no sense to have a one-size-fits-all product, so we set about identifying where we could make improvements and also where we could re-price according to the refined requirements of the borrower.

“Our new product range has allowed us to provide some really competitive rates and enable more transparency on what our loans can be used for.”

The bridging range is available for loans between £50,000-£5m, with LTVs of up to 75%.

Oblix marked the launch by unveiling a new website with an improved user experience and access to information and application forms for brokers or direct clients.

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