Regentsmead rolls out 0.75% product

Regentsmead rolls out 0.75% product




As Regentsmead enters its 80th year of business, the development lender has announced the extension of its 0.75 per cent Exclusive Product.

As Regentsmead enters its 80th year of business, the development lender has announced the extension of its 0.75 per cent Exclusive Product.

These are very exciting times for the privately-owned specialist development lender.

Due to popular demand, Regentsmead has welcomed in the New Year by announcing the extended availability of its Exclusive Product.
 
The Exclusive Product, headlines at 0.75 per cent, or 9 per cent p.a.

Following the launch of this product in September 2013, exclusively announced by B&C, Regentsmead saw an unprecedented surge in enquiries, with the rate of deals presented to them almost doubling after its exclusive offering.

Following the initial trial period, originally planned to end at the end of 2013, and due to excess demand, James Bloom, CE of Regentsmead, was delighted to confirm the extension: “We achieved our aim in offering an extremely competitive rate at 9 per cent p.a. with the same five star service we have offered for years. The positive feedback has been overwhelming and what better way to cap off a record breaking year by confirming that this product will continue to be available.

“Our broker partners have been central to helping us create this superb product and with their help we hope to make 2014 yet another record breaking year at Regentsmead.

Regentsmead has very substantial internal capital resources and due to the sale of some investments within the group there are additional resources available.

This positive news comes off the back of securing a very exciting deal with Judas Priest guitarist Ken Downing to build holiday lodges on his superb Astbury golf course in Bridgenorth, Shropshire. Darren Clarke, the well-known golfer, has given his backing to the scheme and Astbury has become a major sponsor of his.

Regentsmead’s continued success has also allowed them to further expand its team, bringing in a string of recent university graduates in order to add to the vast amount of existing experience within the firm in order to help work on further innovations.

Despite the fact that Regentsmead was again awarded the title of Best Development Lender by the industry in 2013 they are constantly looking to improve their product range and service and this is vital when moving forward in any business, being told you are the best should only be a spur to greater success and never a reason to rest on your laurels and Regentsmead are certainly demonstrating this with these new innovations.

One of these innovations that Regentsmead has successfully implemented in the past year was the use of seminars as a roadshow in order to reach and educate many brokers who are otherwise unable to meet a Regentsmead BDM. These roadshows, often in collaboration with a packager or industry association such as the NACFB, have proven extremely popular amongst the broker community and have been described by some as honest, informative and educational about the nuances of development finance.

Russell Martin, Principal of Finance 4 Business, recently teamed up with Regentsmead for their latest broker day in November 2013. Following the event he went on to comment that: “It was an interactive session in a relaxed environment which helped make the day interesting and business generative. The fact that all attendees have confirmed that they would all like to attend similar future events and also, all would recommend to their peers is the biggest testimony to the success of the event.”

Heading into their 80th year Regentsmead’s plans for 2014 sound exciting and with plenty more in the pipeline to be announced the sky is the limit for this private lender. Watch this space for more Regentsmead innovations and market leading products.
 

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