Tuscan Capital has expanded its product and service proposition.
This follows the lender’s acquisition by Allica earlier this year.
The acquisition has resulted in a number of changes to Tuscan’s product range and criteria. It says this will allow it to deliver a more comprehensive range of support for brokers and their clients, even more quickly than before.
It has improved its commercial pricing with LTVs to 70% of vacant possession and a wider commercial appetite with loans up to £10 million.
Tuscan has also increased its refurbishment capacity to 75% LTV with loans up to £2 million, while development exit lending is now available up to £10 million.
Colin Sanders (pictured), CEO of Tuscan Capital, said: “Since the news of our acquisition by Allica Bank, we’ve been inundated with interest and support from brokers. They are excited to hear what we have planned and what this will mean for our products and appetite – both within our core markets, but also in terms of expansion.
“The enhancements we’ve announced today are significant, but only the start. I am really looking forward to sharing what else we have to come in the next few months and encourage brokers to reach out to their Business Development Managers to find out more.
“It’s been an energetic start to life working alongside the Allica team. I’m more confident than ever that, together, we can bring something fresh to the market.”
