The following project outlines how one of our clients used our flexible property funding to turn a profit of £250,000. The client, an experienced Property Developer, purchased a former furniture showroom in Liverpool and transformed it into 15 residential flats. The client drew down the funding in multiple tranches in line with his schedule of… Read more
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The specialist property finance market can now cater for a very wide ranging types of projects, properties and timescales. With ever more niche lenders, products and criteria becoming available to private individuals and companies. Short Term Loans: De…
It is estimated that around 300,000 new homes need to be built every year to satisfy the pent up demand that has been growing in the market for over a decade. Our population has and is increasing and the gap between supply and demand is ever widening. …
This year we have seen an increase in the number of readers, who are also developers, asking for help to repay commercial development finance on recently completed properties. Then looking to replace the borrowing with loans that fit what they need now post completion. Every development project is different, but Malcolm Jones (Principal of Brooklands… Read more
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Second charge loans can be very real alternative to a remortgage. While every application needs to be considered on its own merits, the second charge industry has recently become more competitive and attractive with lender rates now starting from 4.50%. Reasons for considering second charge loans: 1 – Keeping your existing low rate mortgage You… Read more
The post Why consider a second charge loan over a remortgage appeared first on Property118.com.
Roll back the clock to pre credit crunch time and developers were generally financed through their banks. Due to a dearth of readily available finance from this traditional source, a number of new lenders entered the market. With the number and variety…
Shawbrook Bank who specialise on Buy to Let, Commercial, Semi-commercial and Bridging products have opened up criteria and improved products in light of the recent changes to Stamp duty. Shawbrook anticipate the commercial market is likely to attract i…
Shawbrook Bank are now one of the most popular niche lenders in the property investment market with BTL, refurb, HMO, Bridging and Bridging to BTL products. They are one of the few that will consider loans on a case by case basis and not merely by cred…
Bridging Finance is often the fastest and most flexible way of raising capital and the most commonly used purposes can be split into 3 categories. 1. A property is unsuitable for mortgage purposes Renovation: If a traditional mortgage would not be approved such as when a property has no bathroom or kitchen, a bridging loan… Read more
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There is a frighteningly lack of housing in the UK and the highest demand for houses for 14 years. This along with the fact that base rate has been held at an all-time low for a full 7 years and the fact that the Government has confirmed that Permitted…
There is a frighteningly lack of housing in the UK and the highest demand for houses for 14 years. This along with the fact that base rate has been held at an all-time low for a full 7 years and the fact that the Government has confirmed that Permitted…
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