We can arrange finance for site acquisition and development for all types of property development from large scale commercial or residential sites to simpler renovations and extensions.
typical guidelines would be 70% of purchase price, 100% of build costs and a maximum 65% of the GDV – max 85% of total cost.
- Proof of income may not required if you can demonstrate the project is sufficiently profitable;
- Previous experience in property development may be required for larger projects;
- Credit problems including defaults, CCJ’s and arrears can be considered;
- Evidence required of professional build team including architects, QS etc
- For loan sizes from £1M to £7.5M with a minimum of 2 similar projects completed interest rates start at 7% per annum. For loans of less than £1M a typical interest rate would be 1% per month.
Call Us Today on 0345 273 3322 or 07901 332273 evenings/weekends.