Ground up developments create new properties. These can be single or multiple unit sites. Experience is a big factor here as is an appropriate warranty.
Rates are currently from 6%pa where the EPC is A or B or 8% where is is C or lower.
New build commercial properties are a specialist sector. Typically full planning is required for development but some lenders accept outlined planning.
Speak to our specialist brokers today.
Renovating houses to a higher value is a common tactic when increasing rental.
Ensuring you have the appropriate financial products and valuation methodologies is key.
Rates are from 7.8% pa
Development Finance is just bridging finance that typically refers to a ground up build.
70/75% gross is available day1 with the full build available in tranced arrears. This means the lender releases the build costs in stages along the build, but expect you to fund the first stage.
Primer lenders will place a heavy emphasis on experience for development finance. You can replace this with an experienced project manager or focus on smaller projects initially to gain experience.
Mezzanine Finance offers an additional bridging loan that sits behind the senior debt. This can help with deposit, stamp duty, first stage of the works ect.
Mezzanine is typically for larger projects and is more expensive than senior debt.
Property development can be dauting at times. If you are unsure about a site's viability or wish to explore the development finance options available to you, speak with one of our advisors today.
We love our customers, so feel free to visit during normal business hours.
Open today | 09:00 – 17:00 |
Copyright © 2023 ukbridging.co.uk - All Rights Reserved.
UK Bridging only transacts unregulated buisness
Powered by GoDaddy
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.