Development and bridging lender Pivot, has made changes to its heavy refurbishment and ground up development range.
LTGDVs are now available up to 70% (previously restricted to 65%) and LTC is now available up to 90% (previously restricted to 85%).
Meanwhile, ‘day one’ maximum LTVs are now available up to 70% (previously restricted to 65%).
Rates start from 0.69% pm on heavy refurbishment loans and from 0.79% on ground up schemes with no exit fees.
Pivot will consider loans from £500,000 to £10m (more by exception) across England and Wales.
Shahil Kotecha, CEO of Pivot said: “We are continually looking to refine and enhance all of our products and with these latest changes our development proposition is now stronger than it’s ever been before.
“These are uniquely challenging times for developers large and small and together with our broker partners we are committed to providing them with the most competitive, flexible products and the high levels of service they have come to expect. Together we can build our way to success.”