As a leading residential property lender in the UK, Albatross recognises the need for adaptable and competitive financial solutions. To that end, we have undertaken a significant enhancement of our residential lending product suite, strengthening our support for brokers specialising in Bridging Finance, Refurbishment Finance and Development Exits.
This strategic update ensures our terms remain at the forefront of the market, providing the flexibility and capacity required for complex residential projects. These enhancements are delivered with the same commitment to speed, certainty and partnership that defines the Albatross way.
What are our key enhancements?
Our updated product range is designed to meet the specific demands of modern property projects. The key enhancements, launched today, include:
Increased Capacity for Major Projects: We have raised our maximum facility size to £10 million, bolstering our ability to support substantial Development Finance and large-scale refurbishments.
Refurbishment Finance Leverage: We now offer loans of up to 75% Loan-to-Value (LTV) day 1, and against GDV, on Refurbishment Finance projects, providing clients with greater purchasing power and potential. With a maximum LTC of 90%, ensuring full support throughout the project.
Flexible Payment Options: The availability of rolled interest offers vital cash-flow management during the loan term, a key benefit for borrowers looking to maximise their net drawdowns..
Competitive Pricing: Our rates now start from 0.85% per month across our residential products.
Streamlined Development Exits: We can provide development exit loans of up to 75% of Open Market Value (OMV), facilitating a smooth transition for developers upon project completion.
The Albatross Difference | A Specialist Residential Property Lender
While these product enhancements ensure our competitiveness, they are an extension of our core principle – that exceptional service is as crucial as the financial terms. As a specialist residential property lender UK brokers can rely on, we focus on pragmatic assessment and a partnership mentality that finds solutions where others see obstacles.
As Lewis Casserley, Co-Founder and Principal of Albatross, commented, “Our goal is to ensure that our product suite matches the quality of our service. These enhancements reinforce our position as a dependable partner for residential lending transactions. Whether it’s a complex Bridging Finance case or a detailed refurbishment finance facility, we are equipped to provide the certainty brokers need.”
Partner with a lender focused on delivery
For brokers seeking a residential property lender with the expertise and enhanced terms to support a wide spectrum of projects, from complex bridging scenarios to extensive refurbishments, Albatross is positioned as your primary solution.
To discuss how our enhanced Bridging Finance, Refurbishment Finance and Development Finance terms can support your current cases, please contact our lending team today.