Residential property development

As well as providing mortgages and loans, we also provide help financing residential property developments for both residential and commercial property projects.

Residential property development loans can normally be arranged on an interest only basis to reduce your outgoings. It may also be possible to roll-up the loan interest and pay this when the property development loan is settled when the development is sold.

Interest rates for residential property development and loans to value will depend on your own experience and the value and quality of the security.

Whether your project is a renovation, extension or construction based, our specialist residential property development loan advisers can help provide the finance you need. Drawdown facilities and second charge loans are also available where needed.

Please complete our enquiry form or call us on 0800 316 5756 to discuss your residential property development project.

property development finance

 

Please note that the FSA do not regulate commercial loans or commercial mortgages

 

 

Residential property development

Research, Research, Research

It is vital to do your homework before embarking on a property development project. Establish relationships with local estate agents and letting agents to acquire important local knowledge. Don't forget to acquire the services of a commercial mortgage broker early on, this will save you time in the long run.

Who will your property be marketed at?

The number of single people needing homes is rising due to an increasing divorce rate and longevity. Stick to areas you know and understand. Will your development fit in to the local area? Are there other similar properties, is the area predominately families or young professionals.

The property

Most of the profit you will make is from buying the property at the right price.

There are various degrees of property development which require different levels of skill, knowledge and of course money.

Making minor improvements including decorating and floor coverings can increase the value of a property and its saleability.

Conversions - This would be converting houses to flats or vice versa. The more adventurous developers will look to convert unusual properties such as farm buildings, churches, barns and pubs into residential dwellings. These projects can be costly so do your sums carefully and ensure your property development finance is adequate.

Building projects - Instead of simply converting or renovating a property you could decide to build one, or more. Land can be acquired to develop or you could purchase a property with a large plot and then carve up the land for your building project.

Don't forget to check rules for planning permission and building regulations before purchasing.

You will need a team of professionals to assist you and these may include:

 

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