PR

Albatross enhances resi product range, increasing maximum loan size




Albatross has made a series of updates to its residential bridging and refurbishment products, including increasing its maximum loan size to £10m.

The lender said this announcement marks the first in a series of planned updates.


Key enhancements to the residential product range include:

• maximum loan size increased to £10m
• LTGDV ratios of up to 75% on refurbishment projects
• the option for rolled interest, aiding borrower cash flow
• competitive rates starting from 0.85% per month
• development exit finance available up to 75% of Open Market Value (OMV)

The product upgrades apply to Albatross’s core residential offerings, including bridging loans, refurbishment finance, and development exit.

On the latest announcement Lewis Casserley, co-founder and principal of Albatross (pictured above), commented: “This year we’ve been hard at work — growing our team, refining workflows, and strengthening our funding capabilities.

“While we’ve been operating quietly for some time, this marks the first of several major announcements. We’re back, and stronger than ever.”
 

Leave a comment