New Commercial Lender enters the market

We are pleased to announce that a new commercial lenders commences lending today- offering up to 75% loan to value with a range of repayment options. The lender will accept residential investment property/semi commercial and commercial property as security and can offer interest only options for investment loans only. A range of affordability evidence can be provided to the lender and the lenders stress tests are more generous than some of the current lenders.

In addition the bulk of the lender arrangeemnt fee is debtited to the loan ( unlike many others). The lender also takes into account 100% of the gross rental received on any investment property and do not make a deduction from this for stress tests.

The lender will lend on trading businesses ( eg owner occupied) but not on start ups- the lender is looking for experienced business people/investors.

In all a good addition to the market and one we expect to generate good volumes of business for.