Stamford unveils BMV offering

Stamford Finance has launched a new below market value (BMV) product to complement its existing bridging, development and development exit finance offerings.

Rates on the BMV product will start from 0.9% pcm, with funding secured against residential assets of up to 90% of the purchase price or 75% gross LTV.

The product will be available across England, Scotland and Wales, for loans ranging from £500,000 to £5m.

The launch of this BMV product comes after Stamford’s business development and credit teams sought feedback from the firm’s broker network.

“We've made a point of listening closely to the market and gauging the real volume of enquiries against our risk appetite and our ability to execute,” said Peter Beaumont, director at Stamford Finance (pictured above).

“BMV is an area we see continuing to grow, and we're keen to support brokers and their clients as that demand increases.”