Today we launched a new product, Pre-construction Finance. Designed to support property investors in the primary stages of their development, the pre-construction product supports borrowers as they apply for and await planning permission.
Borrowers of Pre-Construction Finance who wish to apply for our Development Finance loan after gaining planning permission will have their applications fast tracked.
Key product features
- Interest is charged at 1% – 1.50% per calendar month and payable at the end of the term
- No exit fees
- Available on loans between £75,000 and £5 million
- Available on terms up to 18 months
- A maximum loan-to-value of 65% applies
Longer loan term
There can be many hurdles when it comes to acquiring planning permission. By offering a loan term of 18 months, the LendInvest pre-construction product provides the borrower with sufficient time to navigate the planning process, and deal with any issues that may arise without a ticking clock behind them.
No exit fees
Tailored to streamline the entire process of acquiring development finance, we have omitted exit fees to ensure transition from loan to loan is as simple as possible.
For more details, head to our product page. To discuss Pre-construction finance with our team, please get in touch.