Regentsmead has launched a range of development finance products aimed at developers and investors taking on new build, conversion and refurbishment projects.
The products, which offer a range of term lengths, are available at lower interest rates including a nine month product with a monthly interest rate of 0.75% and a 2% redemption fee, a 12-month product at 1.25% subject to a 1% redemption fee and a 15-month offering with a rate of 1.35% with a 1% redemption fee. All products come with a 2% commitment fee.
It’s a very exciting time here at Regentsmead and demand for the new range of development finance options appears to be excellent,” said Regentsmead’s head of lending, Ashley Ilsen.
Sam Howard, the company’s COO, added: “I am delighted to be able to combine our renowned five-star service with a new suite of market leading products that will provide the right solution for our borrowers.”