The Paxton Large Loan product is available to buyers as well as existing owners, from light refurbishment to heavy refurbishment and conversion. Typically, our clients will be adding value as works progress and, whilst our lending is based initially upon current open market value, further draw-downs can be made available if required. The minimum loan size for this product is £500,000 with monthly interest rates from 1.00% per month. This product is non-status.
At outset Paxton Private Finance can offer a gross loan of up to 75% of the current open market value. The term may be extended or renewed subject to refurbishment progress. After the first month, interest is charged on a daily basis. Typically, no exit fee is charged. The minimum loan for this product is £500,000. Loans outside the normal parameters will also be considered.
No Upfront Fees, Non Status Funding, No Accounts Required, Freehold Or Leasehold, Semi‐Commercial Considered, Auction Purchase, Low Valuation Costs, Competitive Lenders Legal Costs, All Interest And Lender Arrangement Fee Deducted From Loan Proceeds.