Pre Planning Finance
The Development Finance Bank can help developers move quickly when they identify a site with planning permission in place or planning potential.
Up to 100% of the outline purchase price is available.
The site's value can be boosted allowing it to be sold or refinanced once the potential has been realised through the granting of new or improved planning permission we can then convert the loan into a development finance facility allowing property developers to complete a development on site. Greenfield or brownfield sites can be funded with full or outline consent and in certain circumstances a loan will be provided purely against the development potential of the site.
Commercial Properties & Land (industrial, retail, offices, factories, warehouses) Residential Properties & Land, Student Accommodation.
Property Acquisition, refurbishment, investment, occupation, development, re-sale.
1% Broker fee, no redemption fee, lender will use the customer's solicitor, only other fee is the valuation.
Up to 100% LTV and max loan at £2.8M - Minimum £200k.
No Minimum - Maximum 12-18 months.
Ranges from 1.5% to 2% per month and is generally allowed to roll up on the account unless LTV is above 95%.
Normally sale or refinance of property.
For the above product clients must be Zurich or NHBC registered with clean credit.
