The Prudential Regulation Authority, part of the Bank of England, has warned buy-to-let lenders to take into account the reduction in mortgage interest tax relief when assessing applications. Richard Hepburn, operations manager at Gorilla Accounting said: “With the reduction in tax…
Seneca are pleased to offer…
In addition to providing typical Bridging Finance, Seneca Bridging will consider 100% finance on ground up development projects for experienced developers with a strong track record of successful developments. We were approached in January to consider such a funding request…
Take a look at our flyer which provides more information on the facilities we are able to offer, including the rates at the time of publishing and some headline conditions. Seneca Bridging Finance Summary Flyer Seneca Bridging has a strong…
Bridging finance was traditionally used to ‘Bridge the Gap’ between two mortgages as an individual needed to complete the purchase of a new property whilst still waiting for the previous property to be sold. However the industry has moved on…
What’s in bricks and mortar? If you’re a developer, what can you do with property? What can you do with property in partnership with a lender who understands property? Property financing opens up a host of options to a developer……
As you can well imagine it’s been a busy 2018 so far at Seneca, and with December fast approaching, we’re not finished yet! Follow the link below to see some examples of Recent Development Schemes Funded by Seneca Bridging in…
Seneca Lend £400,000 to Fund the Build of Two Apartments in Clifton, Bristol Our client required £100,000 bridging finance to pay off the existing loan secured against his site and a further £300,000 development loan to build two luxury apartments…
Seneca Provide £2m Funding for the Fit Out of a £10m Chelsea Residence Our client required £2m development finance to complete the fit out of a 6000 sq ft property in the heart of Chelsea. The shell and core of…
