HTB increases maximum LTGDV

by:
  • 30/07/2020
  • 0
HTB increases maximum LTGDV
Hampshire Trust Bank (HTB) has increased its maximum loan to gross development value (LTGDV) to 65 per cent for development finance loans up to £6m.

 

The lender said the move is part of a deliberate focus to assist smaller experienced developers who would benefit from additional leverage and support from a bank lender.

David Alcock, managing director of development finance (pictured) said: “We recognise the day to day issues smaller builders face in securing viable sites and navigating a challenging planning system.

“There are many pressures associated with being a small housebuilder right now so we are trying to help where we can.

“While we do lend up to £15m, we’ve taken the decision to provide extra leverage on loans up to £6m by increasing LTGDV up to 65 per cent in this space.”

 

There are 0 Comment(s)

You may also be interested in

Privacy Preference Center

Read previous post:
Office moves to suburbs could kickstart permitted developments – RICS

The Royal Institution of Chartered Surveyors (RICS) believes demand for office space is likely to fall throughout the next year...

Close