The UK’s leading development finance lender, Hodge, has recently announced a significant increase in its maximum lending limit for development finance products. This increase from £7 million to £10 million is a major step forward for the company and is set to benefit a range of customers across the country.
The increased lending limit will enable Hodge to provide more flexible and tailored solutions to its customers. This will be particularly beneficial to those looking to finance larger projects, such as large-scale housing developments or commercial property refurbishments. The increased limit will also provide more options for those looking to finance smaller projects, such as single-unit residential developments.
The increased lending limit is part of Hodge’s commitment to providing the best possible solutions for its customers. The company has also recently introduced a range of new products, such as bridging finance and mezzanine finance, to provide additional support for customers.
The increased lending limit is also a reflection of the current state of the UK’s development finance market. With the UK economy continuing to grow, there is an increasing demand for development finance products. Hodge’s increased lending limit is a response to this demand and is set to benefit both existing and potential customers.
Hodge’s increased lending limit is an important step forward for the company and is set to benefit a wide range of customers across the UK. The increased limit will provide more options for those looking to finance larger projects and will also provide additional support for those looking to finance smaller projects. The increased limit is also a reflection of the current state of the UK’s development finance market and is set to benefit both existing and potential customers.