Property Solutions for You
Land acquisition loans provide developers with a reasonable land purchasing plan with the means to act rapidly and grab chances to reserve land as they become accessible. Land acquisition finance can be capitalized with multiple funding streams. Land acquisition loan is the initial step that is required to be taken to purchase the site. It is our priority to set you up for financial victory and provide you with the correct funding.
For land acquisition, there will be associated planning approval costs. We take the possible unexpected costs into consideration to make sure your development project proceeds without hurdles. Land acquisition loan is essentially bridging finance
Bridging Finance is a flexible finance option which is generally secured over property, whether it is Residential, Commercial or Land. The term of the loan ranges anywhere between 1 and 24 months. The funds raised can be used for any type of business purpose if there is a robust exit (repayment) strategy.
These loans can fund any type of property refurbishment, ranging from a new kitchen & bathroom to full remodelling, conversions & extensions.
This is a very competitive space in the market and there are some attractive funding offers available at high loan to values.
Development Exit Finance
This type of funding can be used to refinance a development loan onto a cheaper loan whilst the site is sold or refinanced. It can also be used if an existing development loan is approaching or has passed the agreed term, due to project delays for example, and the site does not necessarily need to be completed at the time of the refinance.
Loan Extensions & Refinance
If an existing bridging loan is approaching or has past its expiry date, we can arrange re-bridges to provide extra time and extra capital if required until your original repayment strategy can be executed.
Bridge to Let
These are flexible two stage loans which allow an un-mortgageable property to be purchased and refurbished with a normal bridging loan and then flipped onto a BTL mortgage when the property is tenanted.
These loans can be secured over property or land where a property developer intends to apply for or amend a planning permission. This would generally be done to add value to the site or increase the viability of a scheme. Developers either sell the sites on with the benefit of planning or they take the project forward themselves.
Properties bought at Auction require a 10% cash deposit on the day and the transaction needs to complete within 28 days generally. Bridging Finance can be used to help ensure the transaction completes in time and some of our lenders will use the auction legal packs for their due diligence which can cut down on set up costs.