UX Mortgages drive over finance depot
The lending arm of property developers
UX Mortgages, Urban Exposure has started lending finance in a
Last year the firm, which started lending
on buy-to-let properties, are now allowing a 15% builders deposit
and the company will lend up to 85% loan to value. For the first
month bridging loans are on a monthly interest only, initially
changing to a daily rate.
Managing director of UX Mortgages
Randeesh Sandhu, commented: “We aim to improve on the market,
we will be offering our rates with the minimum amount of caveats.
We lend on the strength of valuation on all types of property,
including those needing work, commercial properties and even those
which are currently awaiting planning permission.”
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