Development
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The Property Developers Advantage
Whether you are renovating a flat, restoring a house to it’s original glory or converting a building into new luxury apartments, LetsMortgageit.com can guide and advise you through the many development finance options available to you.
Below are some terms which we have recently agreed on behalf of one of our development clients:
Loan Amount.... 60% of purchase price and 60% of build costs.
Interest rate…... 3.5% over 3 month LIBOR.
Bank fee ........... 1.5% facility fee on application
Exit fee ............ 1% of the facility.
Area ............ London and south east only.
Min loan ............ £2M
Max loan ........... £10M
Will consider flats and or houses.
We also have lenders that will consider advances to 50% of purchase price and up to 100% of build cost.
Max loan ........... £10M
Will consider flats and or houses.
We also have lenders that will consider advances to 50% of purchase price and up to 100% of build cost.
For experienced property developers who are able to demonstrate an ongoing successful track record in this area of the property market, we have a number of very exciting joint venture schemes available.
In certain cases we may be able to put you in touch with a joint venture partner, thus reducing your cash requirements and or funding costs. However, please note that these deals usually only apply to full time professional property development companies and the loan sizes tend to range between £3 million up to £50 million. If you fit this profile, then please call us to discuss your development finance options in detail.
In the property development game you don’t want to learn by your mistakes – it might end up costing you a fortune.
Having assisted many developers, both large and small over many years, Lets Mortgage It.com is in a perfect position to assist you in brokering the most suitable and cost effective financial package for your development project.
In todays competitive market place, you’ll need every advantage at your disposal.
In order to see what’s possible call us today on 020 748 9207 or 020 7484 9208 or use our Contact Form and we will call you back for a no obligation chat.
Ensure we are on your property team contact us today or call us now
Client Testimonial:-
"I made contact with the brokers at LetsMortgageit.com by recommendation from a friend. We had been involved with a couple of development projects previously and managed to get away by patching together loans and mortgage finance. The approach taken by LetsMortgagIt.com surprised me. The initial conversation I was treated as someone important. I was listened to and was able to ask questions as well. Within a few days my personal broker was back to me with a development mortgage proposal, just as he had said. I have complete confidence with the professional approach taken. I am now looking forward to building a long term development lending relationship with my broker and the various lending sources and can now concentrate on dealing with the day to day challenges on site. My advice, get in touch with Lets Mortgage It.com, you’ve got nothing to loose and everything to gain.”Mr M Reilly – Northamptonshire
Lets Mortgage It.com offers professional mortgage broker services for
- Residential purchases
- Re-mortgages
- Buy to let investments
- Commercial mortgages
- Development finance packages
- Bridging Finance
- Finance for non UK residents wishing to buy in the UK
- Purchasing a holiday property abroad
