Fiduciam, the Institutionally-Funded Short-Term Lender to Housebuilders, Is Planning Major Expansion in Scotland

Fiduciam, the institutionally-funded short-term lender to housebuilders and entrepreneurs, is planning an expansion of its operations in Scotland for 2022.

A new Scottish team has been formed with a nationwide lending appetite and a target to achieve £55 million of lending this year.

Fiduciam is also launching new, lower interest rates. Rates from its new product suite will reportedly start from only 0.57% per month for bridge loans and non-ground-up projects. Rates for ground-up developments will be starting at only 0.61% per month.

Fiduciam’s interest rates in Scotland remain aligned or consistent with those provided in England and Wales. Typical/average loans are somewhere between £250,000 and £25 million. The maximum LTV is 70% for residential cases and 65% for commercial cases.

Louisa Willoughby, Case Manager at Fiduciam, stated:

“Scotland is a growing market for specialist finance and a particular focus for Fiduciam for 2022. Historically Scottish businesses have been underserved, with limited options for more complex property finance – from time sensitive bridge loans to development finance for family housebuilders. Fiduciam’s expertise of lending in a variety of European jurisdictions, including Spain, France, Germany and the Netherlands, means that Scotland’s distinct legal system poses us no challenge.”

Louisa sdded:

“CBILS provided us with a great opportunity to work with, and eventually meet in person, many brokers throughout Scotland and we look forward to working with them more closely over the coming year. The quality of the enquiries we received at the close of 2021 is extremely encouraging for 2022.”

Fiduciam CEO Johan Groothaert remarked:

“Our new Scottish team has been set an ambitious origination target of £55 million for 2022. We have a broad risk appetite and are supporting a range of Scottish firms from housebuilders to trading businesses. Local knowledge is at the centre of good lending, so setting up a specialist team for Fiduciam’s Scottish business was a natural next step.”

In December 2021, Fiduciam was accredited under the UK’s Recovery Loan Scheme (RLS).

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