Although rates and charges vary slightly dependent on the term, amount and investor risk, we aim to be completely transparent about the likely costs to borrowers by providing you with a standard rate guide.

As a general guide, the interest rate will be 1% of the loan amount payable each month. This will be paid in arrears, with the first payment due one month after the loan begins. There will also be an arrangement fee of 2% of the loan amount which is usually deducted from the advance.

The other cost you will need to be aware of is the solicitor costs. You will be responsible for the costs of the solicitor you choose to use, but you will also be required to cover the cost of the lenders solicitor. This is likely to be around £1,500+vat.

These costs are far lower than those charged by many development lenders. Others are also likely to demand valuation fees and other documentation charges. We do not make any such charges. You may also find that other lenders will charge arrangement fees of up to 6% of the loan. This can make funding unviable.

Our main aim is to make development funding swift, simple and cost effective.