UK
Property bridging loans and development finance in England, Scotland and Wales.
Straightforward property development finance and bridging loans for developers, property investors, professional landlords and entrepreneurs.
Our experienced teams of property finance professionals are based around the UK. They understand the need for clarity, transparency, efficiency and speed of execution when funding property development projects and supplying bridging finance.
| Asset Type | Residential properties | |
| Purposes | Refurbishment | |
| Loan Size | £750k to £5m | |
| Term Length | up to 24 months | |
| Interest | Rolled to the end of the loan | |
| Refurbishment Costs | up to 100% | |
| Day 1 LTV | up to 75% excluding interest | |
| LTGDV | up to 75% of GDV including interest roll up | |
| Where | England and Wales* | |
| Rates | From 0.49% pm plus base rate | |
| OMV | We lend on Open Market Value | |
| Who we lend to | Professional landlords, property investors, property developers, first-time investment, foreign nationals, Expats, LLPs, Ltds, PLCs, SPVs | |
| Typical Borrower | Private Individuals, Investors, Developers, Corporates | |
| Types of Projects | Residential, semi-commercial, mixed-use, single or multiple properties, auctions, HMOs, light to heavy refurbishment | |
| General Criteria |
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*we also offer other bridging and development products across the rest of the UK |
| Asset Types | Residential Properties | |
| Purposes | Property Bridging | |
| Loan Size | £500k to £5m | |
| Term Length | up to 24 months | |
| LTV/LTC | 75%/85% | |
| Where | England and Wales* | |
| Who we lend to | Professional landlords, property investors, property developers, first-time investment, foreign nationals, Expats, LLPs, Ltds, PLCs, SPVs | |
| Typical Borrower | Private Individuals, Investors, Developers, Corporates | |
| Types of Projects | Residential, semi-commercial, mixed-use, single or multiple properties, auctions, HMOs | |
| Rates | From 0.49% pm plus base rate | |
| General Criteria |
|
*we also offer other bridging and development products across the rest of the UK |
| Asset Types | Residential Properties | |
| Purposes | Development and Refinancing | |
| Loan Size | £1m to £10m | |
| Term Length | up to 24 months | |
| LTV/LTC | 75%/85% | |
| Where | England and Wales* | |
| Who we lend to | Property investors, property developers, foreign nationals, Expats, LLPs, Ltds, PLCs, SPVs, HNWIs, trusts, funds, family offices | |
| Typical Borrower | Experienced Developers with cash to commit to the project | |
| Types of Projects | Ground-up developments of 1 to 50 units, major structural renovation of an existing building, office to residential conversion, residential, semi-commercial, mixed-use, HMOs | |
| Rates | From 0.49% pm plus base rate | |
| General Criteria |
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*we also offer other bridging and development products across the rest of the UK |
Helpful articles for Borrowers
Sancus Lending (UK) offer fast, flexible residential property finance, allowing Borrowers to take advantage of new opportunities to grow their businesses or property portfolios prior to refinancing with a traditional lender or selling onwards.
Our highly experienced teams use their deep understanding of the property market to ensure we get all the important information up-front, so we don’t waste your time.
We will act fast and advise quickly if your loan proposition is a good fit and move things forward at a speed that works for you. We know how important it is to have certainty and support from your lender when committing to a project and we often develop long-term relationships with our Borrowers; funding and working with them on numerous projects.
We firmly believe in transparent relationship-lending; our teams work closely with each Borrower to understand their development or bridging needs then mould our financing to make borrowing from us as straightforward as possible.
We offer finance across the whole of the United Kingdom.
The Sancus team were professional, approachable and supportive throughout the entire project. I would certainly recommend Sancus to other developers.”
Nancy Liu, Xi-Haus Property Development
Borrower
Borrowers UK Case Study
Development Loan
The loan was used to develop an 8 unit assisted living scheme.
The Borrower, an experienced contractor had permission to build the bungalows with an ancillary staff bungalow attached.
The build would complete over a 12 month period and then the Borrower would refinance within the following 3 months.
The property will be retained by the Borrower on completion, with the loan being repaid to Sancus through refinancing with a long-term mortgage provider.
| Jurisdiction of asset | Amount of loan | LTV |
|---|---|---|
| Staffordshire, UK | £1,216,805 | 30% |
| Term | Interest | Early Repayment Penalty |
|---|---|---|
| 15 months | Rolled | Minimum 6 months |
Borrowers UK Case Study
Development Loan
The project was a joint venture between two UBOs (ultimate beneficial owners) with a company established as the holding vehicle for the project, both UBOs were experienced property developers.
The development consisted of two linked buildings that were currently vacant but laid out as office accommodation and the Borrower had obtained planning permission to build 31 apartments on the site.
The scheme, once completed was “Help to Buy” registered and made available on the open market.
The loan was repaid through the sale of the units.
| Jurisdiction of asset | Amount of loan | LTV |
|---|---|---|
| Hull, UK | £3,046,870 | 63% |
| Term | Interest | Early Repayment Penalty |
|---|---|---|
| 18 months | Rolled | Minimum 6 months, repayments permissible any time |
Borrowers UK Case Study
Refurbishment
A loan to support the purchase and refurbishment of a property in Cumbria.
An SPV (special purpose vehicle) was set up by the guarantors for the transaction.
The property comprised a 6-bedroom house with planning approval for two, 2 storey 3-bedroom houses in the garden. The loan was required for refurbishment of the main house only.
Both principals were quantity surveyors with experience of property construction and development.
The loan was to be repaid through the sale of the house or refinanced through a traditional lender.
| Jurisdiction of asset | Amount of loan | LTV |
|---|---|---|
| Cumbria, UK | £537,283 | 63% |
| Term | Interest | Early Repayment Penalty |
|---|---|---|
| 15 months | Rolled | Minimum 3 months, repayments permissible any time |
Certainty and professionalism ready when you are
To discuss a potential case please contact:
Mark Corfield
Relationship Director
Bob Rowbotham
Director of Business Development
