Oblix Capital enhances development finance offer
Short-term specialist property lender, Oblix Capital have refreshed their development finance product by increasing the LTGDV to 70%.
Previously lending up to 65% LTGDV, the development finance now matches their light development product, both with rates priced from 9% pa.
Commenting on the product enhancement, Rishi Passi, CEO, Oblix Capital said:
“Following feedback and enquiries from our clients, we took the decision to expand our lending parameters for our development finance offering. Succeeding our recent enhancements to our valuation and legal processes, this change is the latest part of our on-going commitment to make improvements to our customer proposition.”