Bridging Finance Remortgage to Develop a Derelict Property (then keep it).
This is a popular product, which we use quite often, to help our customers increase their wealth.
Cases like this will often involve a derelict barn or other agricultural building, like a tractor shed, that has been granted full planning permission to convert into a dwelling and which the owner would like to retain as a long term rent producing buy to let investment, on completion of the development. This could just as easily apply to development of any existing non-residential property, already owned by a customer, so please don’t be put off by the reference to agricultural buildings.
Rather than explain how the finance facility works here, making the page very long, if you click the link below, you will be whisked off to a real life case study, that will bring the concept to life for you.