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Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders. 100% of costs available with funder profit share.
Commercial Mortgages – Up to 81.5% LTV (100% plus goodwill in some professional sectors). Rates start at 1.85% over base rate. Terms up to 30 years with Interest-Only options
Bridging and Short-term Finance – from 0.4% pcm – Available for Auction Purchases

All posts by: Mark Jones

by in Finance News

Commercial Mortgage Introducer of the Year – 5 years in a row!

As previous winners of this award, Omega are delighted to be announced as finalists in the Commercial Mortgage Introducer of the Year category for the 5th consecutive year, in the Business Moneyfacts Awards 2019. We would like to take this opportunity once again to thank everyone who continues to support Omega, and are extremely proud to be shortlisted again for this award. […]

by in Finance News

New mandatory HMO licensing rules taking effect from 1st October 2018

Mandatory licensing criteria regarding Houses in Multiple Occupation (HMOs) comes into effect across all local authorities in England on 01 October 2018 and there is also new Selective Licensing affecting some, but not all local authorities. There are three key changes across all local authorities New Mandatory Houses in Multiple Occupation Licensing Criteria Any property […]

by in Market updates and commentary

Semi exclusive Property Refurbishment and long term mortgage

Semi exclusive Property Refurbishment Product In very simple terms, it’s a long term loan commitment from day 1 allowing the customer to finance the improvement of an unregulated residential or commercial property that needs some level of light refurbishment,  and upon completion of the works (and tenant in place if an investment case) the loan […]

by in Market updates and commentary

80% interest-only funding now available across most asset types and sectors

We are delighted to announce that, subject to underwriting, 80% loan to value is now available on most types of commercial funding, including commercial investment property, mixed use investment property and even owner-occupied commercial mortgages – on an interest-only basis for up to 20 years!

by in Finance News

NEW SEMI-EXCLUSIVE BRIDGING TERMS FROM OMEGA

Residential Investment 0.44% pcm <55% LTV 0.54% pcm <65% LTV 0.64% pcm <70% LTV Residential heavy refurbishment 0.54% pcm <55% LTV 0.64% pcm <65% LTV 0.74% pcm <70% LTV Commercial & Semi-Commercial 0.75% pcm <55% LTV 0.85% pcm <65% LTV 0.95% pcm <70% LTV   General bridging terms available include: Up to 100% funding with additional […]

by in Market updates and commentary

Development Finance, Refurbishment, Renovation and Conversions

Finance is available to support all transaction types, from major new developments to phased building projects, smaller scale refurbishments and part-built schemes, across residential, mixed use and commercial propositions. Since 2008 development finance has been seen as difficult to obtain and only available to the few highly experienced individuals or larger construction companies and House […]

by in Market updates and commentary

Specialist Residential Market Review

Property Investors have seen various significant changes to the UK market place over the last 12-months, several of which may impact substantially on potential returns from their investments. Firstly there was the announcement to cut mortgage interest tax relief for BTLs held in personal names, as a result of which we experienced a large increase […]

by in Published Articles

Brexit – Business as usual at Omega

Further to the continuing but, we believe subsiding, tremors caused by the referendum result, we have been in discussions with our lending partners, institutions and trade bodies to ensure we are kept fully abreast of any immediate changes in the lending market, including terms available and general access to finance. Whilst it is clear there […]

by in Finance News

Business Moneyfacts Commercial Mortgage Introducer of the Year 2016

After winning the 2015 title we were delighted last night to be awarded Highly Commended at the 2016 ceremony held at the Lancaster London Hotel. Congratulations to all our staff as these awards remain testament to their hard work and professionalism, and thanks as always to the clients, lenders, introducers and networks whose kind and […]

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