Residential Property Finance

We provide finance for a wide variety of residential development projects.  Ranging from large scale residential developments where currently there’s just a piece of land, to smaller scale renovation projects on existing properties.

Unlike mortgages there aren’t set rates for development finance and there are no off the shelf products we can offer you, instead we’ll negotiate with a panel of lenders to get you the best rate possible.  Rates will be set around factors such as your experience of developing and the deposit you’re able to put down.  A very basic benchmark of finance rates for you to consider would be Bank Base Rate +  5% and above. 

Residential property finance is normally organised on an interest only basis and the loan term will depend on the nature of the project itself.

In terms of the level of deposit you’ll need to put down this will tend to be between 35% to 50% of the purchase price (land or property) and the cost of the build itself.  However there are cases when we are able to lower or even negate the need for you to put a deposit down.  Examples of this will include scenarios where the land to be built on is already owned or if planning permission has been granted on a piece of land enhancing its value.

As a leader in Buy to Let mortgages and residential mortgages we can also help arrange bridging finance and exit funding.

To discuss you individual needs please call us or complete an enquiry form.