Development Finance via Laker

Development Finance via Laker

With our Chairman Tom Parker’s support, Laker Builders Merchant have introduced an innovative finance solution that solves the credit challenges faced by SME Housebuilders using Special Purpose Vehicles (SVPs) for development. SVPs provide property developers with great advantage, however simultaneously in 2023 great challenges, mainly around obtaining credit for materials. 

Laker’s ground-breaking initiative offers experienced housebuilders and developers access to the same type of finance schemes that the national house builders all use. However levelling the playing files for our SME Property developers offering up to 70% GDV (Gross Development Value), or 90% loan to cost, to pay for your development. Designed around the Government’s scheme to encourage more Smaller Developers to be able to move into the Property Development space, with a wide range of build-projects qualifying. These include large single dwellings (not for owner occupy), multi-unit residential properties, all new builds, even large conversions or refurbishment schemes, available for qualifying schemes anywhere in England or Wales.

This means Laker has the security to offer improved trading terms to developers with no restrictions. The lender secures any loan on the land, so developers can access materials and labour as fast as they need with absolutely no credit restrictions. The scheme as importantly simplifies payments and therefore frees up significant time for developers to focus on all other key areas.

Finance available immediately to experienced developers, with loans available from £400k to over £35m for all manner of residential or commercial projects. The lending process is straightforward, speedy and concise, starting from lending requirements to a bespoke offering around individual requirements. With a wide range of competitive and flexible property finance products on offer with the support of a highly experienced regional Relationship Director, who will work closely with you ensuring everything is tailored to your exacting requirements.

Finally, this offer comes with a sustainable development opportunity where developers can receive an offer of a 50% reduction on loan exit fees available by delivering the most energy efficient homes under a Green Homes initiative. To qualify, developments must contain at least five private units and 80% or more of these units must have an EPC rating of ‘A’.

Contact us today for further information.

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