With the stamp duty holiday coming to an end, the astounding pressure on the property industry meant that even when a sale was agreed, timings weren’t always certain.
When our client in West Sussex spotted a new development opportunity, they wanted to move quickly. But with a sale still waiting to complete on their last remaining unit, their hands were tied.
This is the type of situation our Development Exit Loan was made for, so we knew we could help.
“Whilst waiting for an exchanged sale to complete, and as timing was uncertain, the provision of MSP’s Development Exit product enabled me to proceed with another purchase with confidence. This particular product suited my needs perfectly and MSP were able to deliver in their usual efficient and timely manner with the whole process from start to finish being quick and easy.”
Our new product was there to lend a helping hand
As we’re a principal lender we have funds ready to lend and could act decisively to get the funds to our client when they needed them.
We worked quickly to tailor a short-term Development Exit Loan for 57% LTV, enabling them to move forwards and commit to their next project with confidence.
“At MSP, we all have a wealth of experience in property finance, and understand that when it comes to your next project, speed is everything. It was great to be able to say to this client that they could press the button on their next project because we would help make sure their current project was financially secure”
Chris Sheppard at MSP Capital
Development Exit Loan
- Interest rates from 5.99% per annum
- Loans from £75k to £5m
- Up to 75% LTV
- Arrangement fees determined on loan term
- Loan term from 4-18months
- Target turnaround of 3 weeks or less
- Dedicated Account Manager
- Southern England with other geographical areas considered
- Residential property vacant or tenanted ASTs
With nearly 20 years of property experience, Lee Merrifield, Underwriting & Credit Manager, is ready to assist you
or call Lee on 01202 743400
Our streamlined processes and industry knowledge enables us to act decisively to maintain your competitive advantage.
Certainty of Funds
We are a Principal Lender with funds available when you require them. We deliver on our Terms without changing the goal posts.
We approach each project individually, looking at your portfolio as a whole to understand your priorities and meet your needs.
Whilst we’re located on the South-coast, we are proud to be able to provide nationwide lending across England and Wales.
Your dedicated Relationship Manager will get to know your vision and use their expertise to work alongside you to bring it to life.
Property People First
40 years’ in property and finance has given us the unique ability to think like you do, understanding your needs along your journey.