Lenders have begun to apply these rises into their rates across all sectors which is no surprise however interestingly the high street rates and specialist banks are much closer in price today than we have seen before.

On all our lending areas we have introduced a guideline/framework for quick reference within each section.

Over the last month we have seen what can only be described as a “war of the rates with the lenders”. The lenders are fighting for market share which has had a huge impact on rates and loan to values.

This year covid has certainly created its fair share of challenges for the property development finance market so I felt it would be useful to talk about some of the positivity in our sectors that we cover.