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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.

Sarah Davidson, 8 May, 2012

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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