Omni Capital has increased significantly the amount it will lend to borrowers looking to invest in UK property.
With immediate effect, the specialist short-term lender owned by CPC Group has raised its upper loan limit from £7.5 million to £25 million.
Omni Capital added that higher values will be considered on an individual case basis.
“In the continuing absence of mainstream lending, bridging is able to provide borrowers with a wide range of alternative solutions,” said Colin Sanders (pictured), chief executive officer at Omni Capital.
“We, in particular, are seeing increasing demand from developers and investors for large value short-term loans that can be arranged quickly and with a high certainty of completion.
“Our in-house funding model enables us to meet that demand. Because we have no external funders to satisfy or syndicates to co-ordinate, we’re flexible, nimble and able to satisfy the requirements of high quality professional borrowers being denied finance elsewhere.”
