| Up
to 100% finance (with additional security) is available to
developers for refurbishment,
conversion and new-build properties
in either the residential and
commercial sectors. |
|
| Once the development
is completed, the property can
be refinanced against an enhanced
valuation or sold on for a profit. |
|
| RESIDENTIAL DEVELOPMENT IN TODAY'S MARKET |
|
| Development finance is currently available for houses or blocks with less than six apartments, primarily in London and the Home Counties. |
|
| Usually a lender will provide up to 30% of land value/purchase price and up to 100% of build costs. For experienced developers requiring 100% funding for the whole project, a private investor / mezzanine solution may be available. |
|
| As the market improves, lending criteria will almost certainly change. If you have a development project requiring finance, it's always best to talk to us first to see how we can help. |
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