If you are involved in the building industry or make a living from Property Development and refurbishment then below is a brief synopsis of current key 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..
- Reduced finance costs over traditional overdraft facilities.
- The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.
For free, expert advice to help secure funding for your development project please call us today or submit an enquiry and we will contact you. Our advice is offered freely, in confidence and without obligation.