Arbuthnot Specialist Finance sees loan enquiries surpass £300m in Q1
By Andreea DulgheruArbuthnot Specialist Finance Limited (ASFL), the short-term property finance subsidiary of Arbuthnot Latham, has revealed its strongest quarter performance to date in Q1 2022, which saw the firm receive more than £300m of loan enquiries.
February saw the bulk of the credit applications in terms of loan value, following increased residential investment and development demand, due to the need for extra space and homes, as more people shift to working remotely.
ASFL's proposition offers a range of specialist finance solutions, including:
- residential finance loans from £30,000 at up to 75% LTV, with interest rates from 0.6%
- heavy refurbishment and conversion facilities from £100,000 at maximum 70% LTV, with prices starting from 0.70%
- light refurbishment loans from £30,000 at up to 75% LTV and monthly interest from 0.65%
- development finance at up to 70% LTC and 70% LTGDV, priced from 0.85%
Matthew Anderson, head of sales at ASFL, said: “Following the restructuring of the leadership at ASFL, it is great to see the progress of our team and its dedication to high-quality service reflected in our Q1 performance.
“Our bread and butter has been residential, where we are seeing people look for extra space and homes in the country.
“As the short-term property subsidiary of Arbuthnot Latham, we look to fully service the market, not just in our area of financing expertise, but leverage the bank’s other financing solutions to provide a more holistic approach to lending.”
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