The firm has also updated its valuation methodology, now basing lending decisions on open market value (OMV) rather than 180-day valuations.
The changes are aimed at enabling brokers to access higher leverage for their clients.
- The Finance Professional Show 2024: The Video
- Revolving credit facilities - a licence to act
- London Credit reduces rates ahead of development finance proposition unveiling at FP Show 2024
Marios Theophanous, credit manager at London Credit (pictured above), commented: “Brokers need accessible lending solutions to meet the requirements of their clients.
“That’s why London Credit has increased the maximum LTV for semi-commercial properties to 70% and introduced open market valuations.
“These enhancements provide brokers with the opportunity to secure greater leverage for their clients on semi-commercial property assets, whether it’s for purchases, refinance, or investment opportunities.”
Leave a comment