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DAILY TELEGRAPH Business news and markets: live - Wed, 22 May 2013 08:24:02 GMT
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Risk-based development finance launched
Bridging lender Hampshire Trust will reward developers for early project completion by reducing the interest margin payable on development loans by up to 2% once building work is completed and signed off.
Hampshire Trust's chief executive Mark Sismey-Durrant said: “We are very pleased to be able to offer this type of pricing structure and believe it gives us a niche within the existing market.
"Rather than taking a tick box approach we aim to consider each case on its merits and price at a level to reflect risk in the transaction.”
Hampshire Trust offers bridging and development finance nationally with loans granted from £50,000 to £1,000,000 over a three to18 month term for residential properties.
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