Regentsmead has launched a range of development finance products offering a range of term lengths and rates.
The provider is offering a nine month product with a monthly interest rate of 0.75% and a 2% redemption fee, a 12 month product at 1.25% with a 1% redemption and a 15 month offering with a rate of 1.35% with a 1% redemption fee. All products come with a 2% commitment fee.
Ashley Ilsen, Regentsmead’s head of lending, said: “We would like firstly thank our introducer partners for helping us in the development of the new products and giving us feedback on our service levels to date.
“It’s a very exciting time here at Regentsmead and demand for the new range of development finance options appears to be excellent.
“We have agreeable term lengths ranging up to 15 months now, giving our developer clients maximum flexibility and sufficient time to sell or refinance once the project is complete.
“We are well recognised for having exemplary service levels and we are now able to offer the same speed, service and flexibility at a lower overall cost to the end user.
“We have had a period of bringing in new team members to help support the products and I have no doubt this is the strongest Regentsmead team to date. It’s a very exciting time for us all here at HQ.”
Sam Howard, COO, added: “It is a really exciting time for the business as we look to grow the loan book, build the team and take Regentsmead to the next level.”