Richard Payne

Oblix Capital introduces development finance calculator



Specialist lender Oblix Capital has launched a quick quote calculator to help property developers and brokers understand various aspects of their loans better.

The tool asks customers to key in the following information:

  • Initial land value (day one)
  • Purchase price
  • Initial loan (day one)
  • Build term (months)
  • Sales period (months)
  • Construction costs
  • GDV
     

In moments, it can give users a top-level understanding of their loan’s costs, the advance and LTGDV.

The quote can then be printed, saved, or sent as an enquiry directly to the lender.

“Property developers and mortgage intermediaries are busy people,” said Richard Payne, director of development at Oblix Capital (pictured above), adding that the new calculator would help them save time and effort when looking for funding.

“I believe the launch not only shows how customer focused Oblix Capital is, but how upfront and honest we are with potential borrowers.”

Richard joined the lender in January 2019 from Bank of London and the Middle East (BLME).

In March last year, Oblix completed a £7.65m development loan for the construction of seven homes in Berkshire, which it described as a great example of its “strategy and borrower-centric approach” in action.


Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.



Leave a comment