Case Study
Development finance for the construction of a terrace of three houses in Sevenoaks, Kent
Bought to us as an unencumbered plot, Beaumont lent solely construction costs and agreed terms with the developer within 48 hours. Beaumont lent 100% of the construction costs secured by the value of the plot with planning permission. The developer drew down £500,000 across four draw downs to minimise interest repayments.
Loan information
Loan value
£500k
LTGDV
28%
Loan duration
18 months
Interest rate
0.83%
Arrangement fee
None
Exit fee
None
Why the developer chose Beaumont
- Repeat customer.
- Best rates available at the time.
- Terms agreed and offered within 48 hours.
- Legals completed within 21 days.
- Personal guarantees not required on this LTV.
Once again, Beaumont have excelled themselves and assisted with the build costs of my development in Sevenoaks. They are easy to get hold of and talk to, as well as providing a quick turn around.”
Property Developer