Residential Property Development Scheme

Interest will usually be added to the loan amount and will be applied at the end of March, June, September and December.

For interest only loans interest will be applied at the end of March, June, September and December.

The arrangement fee will be taken on the day of drawdown.

Yes. There are no extra charges for overpaying or paying your loan back early as no early redemption charges apply.

Please note, the Bank usually requires 100% of net sales proceeds until the loan is repaid.

The Bank will assess what security is to remain and whether the rental is sufficient to cover the repayments for the loan. Each case will be assessed individually, and it is up to the Bank to consent to the release.

Pay back at a rate of interest that varies in accordance with the NatWest Bank base rate, so your regular instalment amount may rise or fall as a result.

Changes in the NatWest Bank base rate will affect the amount you need to pay to fully repay your loan. Depending on how you repay your loan any change in the NatWest Bank base rate may require a review of your regular instalment amount.

This loan is also provided on an interest-only basis, meaning your monthly repayments cover the interest and not the loan, with the lump sum paid off at the end of the loan term.

It works like other secured loans, where the collateral is the real estate project. The loan is tailored to the cost and time of residential property construction and sale process.

GDV is Gross Development Value and it is the valuation metric used in property development, which allows developers to estimate the worth of the real estate on completion.