Security included first and second charges on residential properties in Glasgow and Dumfries.

The scheme includes two retail units and eight residential flats.

The loan represents 60% of the £2.75 million gross development value of the property.

This latest deal follows Inspired Lending’s recent £2m commercial-to-HMO loan in Nottingham, which funded the purchase and full residential conversion of a vacant...

The £2m facility covers 100% of both purchase and development costs.

The new rates apply immediately across all new lending.

The facility covered 100% of both the purchase and refurbishment costs.

The loan, at 70% LTV over six months, enables the consolidation of three investment properties into a single corporate structure.

The loan, provided at 70% LTV on a 12-month term, is expected to be repaid through the sale of the property.

The lender chose to use a desktop valuation to reduce costs and time