Who are Avamore and what do they do?
Avamore Capital is a principal development and bridging lender with a forward-thinking approach.
We offer 1st charge, unregulated loans and are dedicated to providing outstanding service; we also understand that developer needs are consistently evolving.
As such, we were the first ever lender to introduce the Part Complete Development product (for part-built projects) to the market, to sit alongside our Bridging, Refurbishment and Ground Up loans.
Avamore works closely with borrowing and broking partners to remain responsive and dynamic to accommodate future requirements.
We are committed to partnerships and building trusting relationships with all of our customers, intermediaries and service providers.
We stand for transparency, reliability and predictability and are committed to delivering outstanding service at competitive prices.
To date, we have lent + £500m to SME property developers across England and Wales, funding the construction of over 1,000 new homes.
Do Avamore offer bridging loans?
What do Avamore’s interest rates look like on bridging finance?
Avamore’s standard rate for Bridging is 0.65% p.m. + BBR. Rates will flat throughout the life of the loan but fixed rates are available on request. Maximum LTV is 75%.
What do I need to get a bridging loan with Avamore?
- Credit check
- Financial capital
- Valid form of ID
- Satisfactory credit history
- Satisfactory source of equity
- Description and value of the property
- Own your own residence or a rental investment property in England
How do I apply and how easy is the process?
Submit an enquiry through the following:
Telephone: 0203 440 9651
Live chat feature: www.avamorecapital.com
A Relationship Manager will then be in touch, for further details before offering Heads of Terms.
Once you have accepted the Heads of Terms, Avamore will provide you with a range of quotes from solicitors and valuers which are on our panel. Subject to the checks going through smoothly, Avamore will proceed to underwrite the loan.
How long does the application process take and when do I get the money?
- An indication of whether the loan suits the Avamore parameters can be provided immediately.
- Heads of Terms can be offered within 24 hours of Avamore receiving the requested information.
- Funds can be available within five working days from Avamore receiving the valuation report.
Does Avamore do any specialist bridging options for things like property, business, etc?
Avamore only offers bridging loans for property. However, with our refurbishment and conversion product we can offer a bridge with an additional build facility which is unlocked once planning is granted in full. This saves time and money as the developer does not need to take out two loans.
What are the pros and/or cons of a bridging loan with Avamore?
Avamore Bridging Loan Reviews & Awards
Property Lender (Up to £20m) – Props Awards 2021.
“Avamore Capital has an extensive product range and in that, they are always able to find a solution…The knowledge and approach from the team means that the broker and the borrower take comfort that the lender understands the works to date, the circumstances behind the transaction and the plan moving forwards.”
“Avamore made sure there was clear communication throughout the process and therefore provided a straightforward experience for all parties. The team acted with strong due diligence at every stage and ensured that all decisions were made in the best interests of my client. “
“Working with Avamore was excellent from start to finish. They took a simplistic approach to a complex case and made the process as smooth as possible. The speed and decision making of the deal at the front end was impressive and they followed up with a proactive and positive attitude throughout. It was clear that the team have a can-do attitude along with a genuine desire to get the deals done.”