Blog Posts
POSTPONED – Property Specialists 2021 Event – 30th June 2021 –
Property Specialists 2021 For Property Developers, Landlords and Investors Date: TBC Event Postponed on 30th June due to Covid Venue: Village Hotel Headingly, Leeds. Overview: As all Covid restrictions are lifted, what does the future hold for your business? New...
IF YOU NEED TO REFINANCE YOUR PROPERTY PORTFOLIO IN THE NEXT 3 YEARS, THIS IS WHY YOU NEED TO DO IT NOW!
Did you know that finance is available now for refinances under the Government backed CBILS scheme? This scheme provides borrowers with the following benefits: Free Valuations Free legals First 12 months interest costs paid No Arrangement Fee No repayments at all in...
BRIDGING FOR DEVELOPERS – Headline rates do not tell the whole story
Since the arrival of Covid and the stop start economy, a number of developers have resorted to using a bridging loan product called developer exit. The concept is simple – having built the plots in the scheme the developer can raise finance against the market value...
Lockdown Lending
Since the scourge of Coronavirus caused our country to enter into a series of partial and full lockdowns, the question for property developers has been – IS LENDING LOCKED DOWN? I am pleased to confirm that lenders have been active throughout the lockdown. At...
Developers Race Against The Stamp Duty Clock
DEVELOPERS ‘RACE AGAINST THE CLOCK’ FOR STAMP DUTY BENEFITS By Aaron Barry Since the Government announced a stamp duty holiday there has been a hive of activity in the building sector resulting in a welcome 15.6% increase in property transactions in August. (gov.uk)...
NEGOTIATING A LAND PURCHASE LEVERAGING A DEFERRED PAYMENT
I have commonly been presented with applications for lending from developers who have negotiated a deferred payment to the vendor. Securing an agreement to a deferred payment on a land purchase can be very advantageous for the property developer, as this is in effect...
Funding a Retail – Resi / Office – Resi Conversion Project
The Rise to Prominence – Commercial to Residential Conversions CONTRIBUTORY FACTORS Recently a number of factors have taken place which have created an upsurge in commercial to residential conversions. These are being seen as profitable opportunities to...
Funding a Development Series – Part 3 Funding a Development at the End of the Build
Funding a completed development When you have built a new house there is a requirement to obtain a practical completion certificate. This is the point at which the house can be occupied by the buyer. It is also the trigger for council tax charges so property...
Funding a Development Series – Part 2 Funding During the Build Out
To fund or not to fund If you have already broken ground and started your development without funding you may find yourself in a situation where funding may be required because you changed your specification or you have been offered another scheme at a compelling...
Funding a Development Series – 1. Land Purchase
STRUCTURING A LAND PURCHASE WITH FUNDING IN MIND Most property developments start with the land purchase. Developers should have an idea of what could be achieved from the build out and should therefore have an idea of what will be needed via funding. As a very...
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