Oblix Capital, the London based specialist lender has restructured pricing across their development finance range.
Under the new pricing structure, development loans will now be available at a margin applicable to LTV plus 3month LIBOR
These new rates will be effective from 12th July 2018, giving borrowers added transparency to how their development and light development products are structured. Alongside this clarity, Oblix’s development product can fund up to 100% of build costs as well up to 70% LTGDV.
Commenting on the revised pricing structure, Andy Reid, Sales Director, said: “In line with our commitment to bring the best possible proposition to our broker partners and clients alike, we are extremely proud to announce the repricing and further clarity of our development product range.
He added: “Whilst we have re-assessed our stance on development business I can confirm that all bridging products remain on a fixed basis”.
For their latest rates along with Libor reset dates, please visit: www.oblixcapital.co.uk/LIBOR