Mortgages For Business: Development Finance Blog

Lenders prefer experienced property developers 22.10.2010

Oct 22 2010 12:00AM

Bridging finance remains a valuable short term option for properties requiring light refurbishment. For projects requiring planning permission, development finance is available from a handful of lenders.

BBR held at 0.5% - but what next ? 04.02.2010

Feb 19 2010 12:00AM

No surprise on the MPC announcement that once again BBR is being held at 0.5% and that current QE commitments will be concluded with no additional resource for the time being - but opinions are sharply divided on trends later in the year.......

New funding line in SE England 20.11.09

Nov 20 2009 4:06PM

MFB is pleased to announce that it has funding available for refurbishment and newbuild projects in South East England on residentail and mixed residential and commercial property. Draw down on first facilities not before 1 Jan 2010. With no development appetite currently from HSBC, Barclays and Lloyds a new fundingline is a welocome addition to the market in the closing months of 2009.

Some appetite for development and one off deals 10.06.2009

Jun 10 2009 12:00AM

Having spent the last 6 to 9 months avoiding development in almost any guise there is finally soem improved appetite to support development and refurbishment programmes.

MPC announces Base Rate cut to 0.5% !! 05.03.2009

Mar 6 2009 12:00AM

As expected, the MPC has continued to use the tools at its disposal and slashed rates again to a record low of 0.5%.

Residential Property Development Finance – Tricks of trade

Aug 4 2008 12:00AM

Whilst many property developers will have a strong grasp of the principles of developing property to make it attractive to buyers, a mastery of the finance involved in any project is rare. David Whittaker - Managing Director of Mortgages of Business, the Buy to Let mortgage and development funding specialist, gives a basic outline of points to consider.