Pivot ups LTVs and pushes loan to cost up to 90%
Development and bridging lender Pivot has made a number of changes to its heavy refurbishment and ground-up development range.
Loan to gross development value (LTGDV) are now available up to 70%, loan to cost (LTC) is upped to 90% and day one maximum loan-to-values (LTV) go up to 70%.
Rates start from 0.69% pm on heavy refurbishment loans and from 0.79% on ground-up schemes with no exit fees. The lender looks at loans from £500k to £10m across England and Wales.
Shahil Kotecha, CEO of Pivot, said: “We are continually looking to refine and enhance all of our products and with these latest changes our development proposition is now stronger than it’s ever been before.
“These are uniquely challenging times for developers large and small and together with our broker partners we are committed to providing them with the most competitive, flexible products and the high levels of service they have come to expect.
“Together we can build our way to success.”