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Specialism/USP Nationwide bridging and development specialists
Charges 1st on all loans, 2nd on bridging only
FCA Regulated No
Interest Range Development from 0.85% pcm, bridging from 0.75% pcm
Base Rate/LIBOR (floor rate N/A if applicable)
Security Types Residential investment, semi-commercial, commercial (development is residential only)
Unacceptable Security Types Farms, equestrian centres, care homes, properties with agricultural ties
Treatment of Interest – rolled, Rolled, retained, serviced retained, serviced
Max LTV 75% of OMV
Max Loan to GDV 65%
Max Loan to Cost 90%
Min/Max Loan Term 1-24 months
Min/Max Loan Size £50k-£5m
Geographical Lending Area England, Wales and Scotland
New Builds Yes
Refurbishment Yes
Conversions Yes
Grade Listed Buildings Yes
Mixed Schemes Yes
Planning Permission Needed Property developments only
Commission Rate From 1%
Associations NACFB
Early Redemption Charges 1% exit charge on development only
Investment Yes
Owner-occupied No
Interest-only Options Yes
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