Products
Please note : All Tuscan Capital products are non-regulated and so not available secured against a borrower’s own home.
Bridge Solutions
- England and Wales
- £150,000 - £10million
- Loan terms from 3-24 months
- Rates from 0.91%pm (0.494% over Bank Base Rate)
Bridge Solutions
Bridging Criteria and Key Features
- England and Wales
- Rates from 0.91%pm (0.494% over Bank Base Rate)
- Terms from 3 months to 24 months
- Max LTV - 75% Open Market Value (OMV)
- Below Market Value (BMV): Loans up to 85% loan to purchase price (90% by exception)
- Loans up 100% of purchase price (with the benefit of additional security)
- Mixed-Use up to 80% commercial to be considered semi-commercial
- First charge and second charge loans (subject to consent being granted by the first mortgage)
- Loan facilities from £150,000 to £10,000,000
- All types of residential property considered including new-builds, HMOs, small blocks of flats and BTL portfolios
- Foreign nationals and ex-pats considered with appropriate Know Your Customer (KYC) documentation and proof of residency supplied
- Available to private individuals, corporate entities, Special Purpose Vehicles (SPVs) and off-shore limited companies
- Credit-approved term sheets typically issued inside 4 hours
Please note: this is not an exhaustive list of requirements.
Commercial Bridging
- England and Wales
- Up to 70% LTV
Commercial Bridging
Criteria and Key Features
- Semi commercial and commercial bridging from 0.99% pm (0.574% pm over bank base rate)
- Loans from £150,000 to £10,000,000
- Up to 70% LTV
- Terms from 3 – 24 months
- England and Wales
Loan Purpose:
- Auction / acquisition purchase
- Refinance Capital raise
- Rental stabilisation periods
- Securing planning permission
- Short-term business cash flow
- Light and medium refurbishment
- Mortgage delays Investment portfolios
Security types:
- Mixed use
- Retail Office
- Industrial
- Warehouse
- Student
- Garages / showrooms
- Food outlets
- Factories
Refurbishment
Competitive funding support for experienced developers
Refurbishment
Criteria and Key Features
- Up to 75% LTV day one and 100% of costs in arrears
- Rates from 0.92%pm (0.484% over bank base rate)
- Arrangement fee and exit fee apply
Light refurbishment:
- Works loan limited to 50% of open market value (OMV)
- Energy Performance Certificate (EPC) enhancements such as upgrading electrics, boiler, insulation for walls and floors, new double / triple glazed windows and doors
Medium refurbishment:
- Loft conversions
- Reconfigurations
- Single storey extensions
- Commercial to residential schemes
*Floor area not to increase by more than 25%, a maximum cost plan 100% of open market value (OMV), and works duration limited to 12 months.
Development Exit Bridge
A development exit bridge can help developers refinance their existing development finance facility and provide extra time to sell their units
Development Exit Bridge
Criteria and Key Features
- Funding available from £150,000 to £10,000,000.
- Rates from 0.91%pm (0.494% pm over bank base rate)
- Funding up to 75% LTV
- Funding available close to or on practical completion
- Prevents development finance extension fees and can facilitate cash releases for other projects
- Industry leading service at competitive pricing
Auction Funding by Tuscan Capital
A ready-approved ‘hunting fund’ designed to provide credibility and proof of funds when bidding for property at auction
Auction Funding
Criteria and Key Features
- Max LTV - 75% Open Market Value (OMV)
- Below Market Value (BMV) - Loans up to 85% loan to purchase price (90% by exception)
- Loans up 100% of purchase price (with the benefit of additional security)
- A certified Offer of Finance subject only to final valuation and title clearance
- Access to a dedicated legal team experienced in managing urgent property purchase matters
- Title insurance specially negotiated to expedite the legal process and help overcome red tape and bureaucratic hurdles
- The services of a carefully-selected Valuation Panel to provide prompt turnaround times (within 48 hours) and a copy of the final report immediately upon issue
- Lending against bricks and mortar in England and Wales from £150,000 to £10m
HMO Funding
Market-leading funding packages for property investors seeking competitively-priced leverage to help build a significant portfolio of HMO assets
HMO FUNDING (Houses in Multiple Occupation)
Criteria and Key Features
- Funding available up to £3,000,000
- Funding of purchase price up to 70% LTV
- Funding of refurbishment costs up to 100%
- Funding up to a total of 65% of LTGDV
- Fast, flexible delivery of funds and a simple drawdown process
- Industry leading service at competitive pricing