23rd January 2023

2 minutes reading time

Blackfinch Property launches new products and expands their lending criteria as part of continued growth strategy

Blackfinch Property has expanded their product range off the back of their continued growth, launching buy-to-let and commercial term lending to the market, alongside an increase in lending criteria for their existing range.

The launch follows a strong year of growth across their development and bridge lending and enables the team to respond to increased demand from developers and investors looking for specialist lenders with products not linked to the fluctuating Bank of England base rate.

  • Several types of lending available: Bridging, Development, Commercial Term, Buy-To-Let
  • Loan durations from three months up to two years
  • Loan sizes from £0.5m-25 million
  • Fixed rates, not linked to Bank of England base rate
  • Region and sector agnostic, lending on properties and projects across the UK
  • First charge taken over the property
  • A wide range of loan-to-value positions with each project considered on its own merits

As part of the new buy-to-let product offering, borrowers have access to lower rate development exit solutions, as well as lower interest rate incentives for projects that demonstrate an investment in energy efficiency improvements.

This follows a busy period of growth for the team which recently completed on its largest loan deal to date - a £14.8m deal that will facilitate the redevelopment of a brownfield site in Kent into 51 residential apartments - further to raising its maximum loan value to £25m last year.

The Blackfinch Property team is made up of property investment professionals, as well as accountants and an in-house legal team which includes banking, property and construction lawyers.

They form deep with clients who are committed to helping make a positive impact in real estate. Working in a flexible and pragmatic way, a dedicated deal team provide developers with fixed terms to provide certainty over the life of the project and help to realise the full value of the planned development.

David Higson, Head of Property at Blackfinch Property, says of the expansion: “Revising our product range as a result of strong growth cements our position as a leading investment manager in the specialist lending market. We are receiving our highest ever level of enquiries and increasingly writing repeat business with brokers and borrowers who are enjoying our pragmatic, fixed rate lending approach. I look forward to further growth as these new products and extended lending criteria enables us to welcome onboard more developers, borrowers and brokers from across the UK.”