Specialist lender Catalyst will enter the development finance market with a 'stretch senior' product. The new product offers high leverage lending up to 95% loan to costs (LTC)including interest/75% Loan to Gross Development Value (LTGDV) with interest rates starting at 7.95%. Catalyst managing director Chris Fairfax
Homes England and United Trust Bank launch £250m Housing Accelerator Fund
A new five-year lending alliance between United Trust Bank and Homes England will provide development finance to SME builders.
From:
16 February 2021
Homes England, the Government’s housing delivery agency and United Trust Bank (UTB), an established specialist lender, have today announced a £250 million fund to support small and medium-sized builders with development finance at up to 70% Loan to Gross Development Value.
The Housing Accelerator Fund will provide construction loans between £1m and £10m.
The alliance will improve access to finance offered to smaller builders and drive the continued diversification of the housing market over the coming years.