Short Term Property Development Finance
Our client owned the freehold of a plot of land on which he had the relative permissions to build a detached property. He wished funding to build the detached house. Having taken a security over the land in question and a charge over another property the lender was able to agree to stage payments to complete the development. Once completed the client has the option of a) using it as his principal residence with the benefit of a much reduced mortgage. b) a buy to let mortgage. C)selling the property.
100% of purchase price and refurbishment works available – with additional security.
Advances from £10,000 to £1,000,000
Terms up to 12 months.
Scotland, England and Wales
NO upfront fees payable to the lender.
Retained Interest offered.
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