If you are involved in the building industry or make a living from Property Development and refurbishment then the good news is that funds are available for profitable projects which fit criteria. Property Development and Refurbishment loans are provided from £50K upwards.
A brief synopsis of current key underwriting criteria:
- All residential Property Types supported – Houses,Terrace, Mews, Flats
- Applications should be supported by good evidence of demand in the local area
- If properties are to be retained on completion a long term re-finance option can be provided
- Mixed use and Commercial Schemes can be supported subject to a demonstrable demand on completion
- Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
- The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.
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If you need any further information please do not hesitate to make contact with us to discuss your project in depth. You can give us a call on 07968 609 752 or email us on email@example.com Alternatively, you can fill in the form below and a member of our team will get back to you.