This is a question we often get asked by aspiring property developers. Can I apply for finance for a property development before getting planning permission? There are a few options open to you: 1) Wait for planning permission. You can wait for planning to come in before applying for finance. But this can sometimes leave...
Read moreTo become a property developer, you need to do extensive research and factor in many different things. Our six steps to success are below: Creating a business plan: set out in detail what you would like to do with your business (Target market, Property types, Timescales, Costs) Buy-to-let vs buy-to-sell: Buy-to-let may take continued maintenance...
Read moreAlthough the past year has had its difficulties, market confidence is now slowly growing again, fuelled by the vaccination programme and the easing of restrictions. There are a few points which developers should pay attention to when taking their projects forward, and they include: Increase loan terms due to potential delays: although the industry did...
Read moreOne of the big questions about Brexit is how much it will impact the UK economy, be that positively or negatively. In particular, for property development, we still don’t know, but for the moment the signs are positive. Most developers remain positive and hopeful about their projects being unaffected by the Brexit deal for the...
Read moreWhat is development finance? Typically, larger loans for property projects, needed because projects are more complex and take longer to complete. Development finance is used to fund large property ventures, such as renovations, regeneration projects, conversions and developments, and cannot be used for smaller property projects (Bridging loans or refurbishment finance would work best in this case) Examples of where this type of...
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