What Makes Up a Development Finance Funding Process?

One of the major problems with property development lenders is that it can be a little awkward to stay abreast of all the different nuances, developments and changes.

Constant comparison and monitoring can prove a tall order, but it can be rewarding in the form of insights into the different lenders’ pros and cons, and getting the cheapest deal. Most importantly, you need to understand how the lenders operate, so here’s a breakdown when it comes to property developer finance.

Property developer

Pre-Approval

Standard property lending is calculated via a percentage of the property value, with the value dropped to 80%, to take into account repossession and low resale value risks.…

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What to Do with an Unwanted Property

The good news for property developers keeps coming as the most recent report from the Office of National Statistics (ONS) has found that the UK housing market is up over 12%. However, it’s not all positive news. The boom has created an increased competition amongst developers for buy-to-sell homes that has led to many investing in riskier ventures.

Abandoned barn

Risky Properties

The property market has long been seen as an ideal get rich quick scheme to outsiders of the trade. The previous boom of the late 1990s and early 2000s inspired a generation of Location Location Location viewers to dust of their tool boxes and get in on the action.…

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Property Developers: What NOT to Do

If you’re an amateur property developer, then it’s really easy to underestimate the cost of the build. We’ve put together a few hints and tips for you to make sure that you don’t make the big mistakes, and lose money on your investment.

Property development

Buying in the Wrong Area

When you’re buying a property to do up, you need to think very carefully about who will buy that property. If it’s an up-and-coming area, but it’s still not very nice, then no one will want spend a fortune to live there. You might think that it’s easy to find a gem, but houses on main roads or those in areas with poor transport links will always go for a cheaper price than the same house in a different place.…

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