Atelier ups maximum loan size to £40m amid product refresh

Specialist lender Atelier has revamped its entire proposition and increased its total lending capacity to £500m, as part of its strategic plan to grow the scale and variety of its lending in the UK real estate market.

Across its development finance offering, the firm has doubled its maximum loan size to £40m.

It has also introduced new products across both its bridging and development finance suites — including its first-ever variable rate products linked to the Bank of England base rate, priced from 8% (BBR + 5%).

New fixed-rate options at 55% and 60% LTV have also been added to both propositions (55% and 60% LTGDV for development finance), priced at 8.99% and 9.49%, respectively.

Atelier has kept all its fixed interest rates unchanged following the Bank of England’s most recent rate increase, and has confirmed it will continue to do so until the end of the year.

In addition, the lender has expanded the maximum loan term for both bridging and development finance options to three years.

Graham Emmett, joint CEO at Atelier (pictured above, left), said: “Over the past three years, Atelier has cemented its position as an institutional grade lender, delivering £400m of development finance solutions and establishing strong relationships with our valued network of intermediaries and professional SME developers across the UK.

“We’ve done this by assembling an exceptional team of real estate finance professionals, and then investing in both our people and our technology to support high-touch, high-value relationships right across the real estate community.

“While the market is facing mounting headwinds, our strong liquidity profile and intelligent balance sheet management have allowed us to maintain our fixed-rate offering at existing pricing, despite the Bank of England’s recent decision to raise base rate.

“Our appetite to fund well-structured development opportunities remains as keen as ever.”

Chris Gardner, joint CEO at Atelier (pictured above, right), added: “Our strong growth is a testament to the skill and dedication of our team, and to the enterprise of our borrowers.

“Right from the start, we’ve been determined that our finance should deliver more than just bricks and mortar.

“That’s why we’ve focused on funding developments that leave a positive legacy for their local community, and why we created the Carbonlite Challenge — our pioneering sustainable finance solution that incentivises developers to build greener, more sustainable homes by offering highly competitive rates of interest.”

“We’ve invested in our brand and in understanding what customers want from their development lender of choice — a trusted, expert partner, able to provide certain deal execution, a competitive interest rate and ongoing support, right through to the successful completion of their scheme."


Leave a comment