FINANCE FOR RESIDENTIAL DEVELOPMENT

AMOUNT
  • Minimum £50,000
MAXIMUM
  • Option 1: 70% site valuation 70% of development
  • Option 2: 65% of site valuation 100% of development
  • Option 3: 100% of funding with profit participation
INTEREST RATE
  • Variable from bank base plus 2.5%
SECURITY
  • First charge over freehold site for development
TERM
  • Period of scheme subject to annual review
FEES
  • Lender typically 1% of the facility
  • Payable on borrowers acceptance of the formal offer
  • Borrower to pay lenders legal and valuation fees
  • Brokers fee 1% of the facility
  • With participation loans exit and other fees and conditions may also be applicable.
NOTES
  • Please note that this is a guide only, for the right scheme showing the right return, lenders are prepared to be flexible.
LATEST NEWS

Buy to let

Up to 75% LTV. max loan per property £1,500,000 Purchase or remortgage.

Commercial Mortgages

Up to 80% LTV terms up to 30 years. Negotiable interest only period. Rates from 1.50% over bank base rate

Bridging Finance

Up to 75% LTV 100% (with additional security) term up to 36 months. Residential or commercial properties accepted as security Rates from 0.95% per month

Development Finance

Up to 65% of land costs and 100% of build costs. Terms up to 24 months Rates from 3% over bank base. Roll up of interest.

Non Status Commercial Mortgages

Up to 70% LTV. Terms up to 30 years. Rates dependent on status.