In the first 6 months of 2021, the growth made at Think has been exponential! Despite Covid and the inevitable delays, we have had our busiest year thus far, reaching a record number of completions and our largest lending facility in the month of May.
There are great opportunities at Think, and as such we thought it was time to update our funding levels in light of Covid and things getting back to normal. We were lending throughout the numerous lockdowns of 2020 and this year, with most of our loans capped at 60% LTV. We are officially back to lending fully, if not more than what we did pre-Covid!
Our ethos of working with rather than against our borrowers has always led us to successful completions and had a true impact on our developer’s portfolios. This hasn’t changed, and in reflection of the steady increase of bridging as the first route, we want to provide our borrowers with the best solution. We have increased our lending to up to 70% LTV, even up to 75% in some cases! In instances where these funding levels are sought, we have and continue to always take a proactive approach, working with you every step of the way to find the most practical and effective solution.
We’re able to provide terms of up to 18 months for some development loans, with loan sizes up to £1.5m across our loan book. For our development loans specifically, we regularly provide up to 100% of build costs as long as it stays within 60% LTGDV.
We’re ready when you are, so for any prospective borrowers seeking loans up to 70% LTV, get in touch with our lending team today or click the ‘Apply Now’ button at the top of this page. We look forward to speaking with you all and getting deals underway!
