West One

West One ups development loan limit to £15m



West One’s development finance team has increased the maximum loan size for senior development facilities from £10m to £15m.

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The product range now offers loans between £1m and £15m at up to 65% LTGDV and 85% LTC,  covering up to 100% of build costs for residential-led schemes across England and Wales.

The lender can accept applications from experienced developers with a minimum of two completed projects in their portfolio.

The product enhancement highlights West One’s commitment to continue supporting SME housebuilders.

Guy Murray, head of development finance at West One (pictured above), said: “As we’ve grown our development finance business over the past three years, the developers we’ve lent to have also expanded their businesses and moved from smaller to larger projects. 

“We made these changes to ensure we continue offering competitive products to our customers so they don’t need to find an alternative solution in financing larger development sites.”



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