RICS Economy and Property Market Update – March 2021
The outlook for Commercial remains sector specific; the ongoing demand for industrial and logistics in well located areas has seen yields push towards 4% as referenced in the RICS Report…
Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders. 100% of costs available with funder profit share.
Commercial Mortgages – Up to 85% LTV (100% plus goodwill in some professional sectors). Rates start at 1.85% over base rate. Terms up to 30 years with Interest-Only options
Bridging and Short-term Finance – from 0.4% pcm – Available for Auction Purchases
Market updates and commentary
New Development Finance Products
Development finance options continue to be available for experienced house builders and those undertaking their first conversion, refurbishment or development project.
SDLT Holiday to be extended?
We still don’t know whether the holiday will be extended, but what we do know is that the current deadline is looming on the horizon, now only six-weeks away…
What Can We Expect From 2021: The Omega Perspective
Whilst I would love to be writing an article confirming that we have returned to pre-pandemic borrowing levels, and access to debt, cashflow support and equity options is at an all-time high, the vaccine bringing not only light at the end of the lockdown tunnel but also dissipating all concerns within property and business finance markets – that article might have to wait.
March 6, 2020
New funding line – heavy refurbishment funding including extensions – no previous experience required
New funding line available from one of our long standing lending partners – heavy refurbishment of residential property, 75% of current value and 100% of the cost of works available in many cases.
Development Finance, Refurbishment and Conversion.
The appetite for property development finance in all its guises has increased dramatically incorporating Ground-Up builds (i.e. new build), Refurbishments and Conversions. The funding available within this sector has also grown to meet the continued demand. Omega have access to finance up to: 90% Loan To All Costs, and 75% Loan to GDV (End […]
Why use a broker rather than a packager?
Finance professionals quite rightly assess the entire market for the best solution to meet their clients’ residential mortgage, pension, insurance or investment needs, but many use a packager with a restricted panel to place commercial and business finance for those same clients. Many commercial packagers have a panel of only a few lenders from over 140 potential finance providers in […]
Semi exclusive Property Refurbishment and long term mortgage
Semi exclusive Property Refurbishment Product In very simple terms, it’s a long term loan commitment from day 1 allowing the customer to finance the improvement of an unregulated residential or commercial property that needs some level of light refurbishment, and upon completion of the works (and tenant in place if an investment case) the loan […]
80% interest-only funding now available across most asset types and sectors
We are delighted to announce that, subject to underwriting, 80% loan to value is now available on most types of commercial funding, including commercial investment property, mixed use investment property and even owner-occupied commercial mortgages – on an interest-only basis for up to 20 years!
Development Finance, Refurbishment, Renovation and Conversions
Finance is available to support all transaction types, from major new developments to phased building projects, smaller scale refurbishments and part-built schemes, across residential, mixed use and commercial propositions. Since 2008 development finance has been seen as difficult to obtain and only available to the few highly experienced individuals or larger construction companies and House […]
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