Property related product and services for UK community

Commercial Property Finance

Development Finance is used by property developers to build, convert or renovate a property or development of any size. Such facilities can cover the purchase (or refinance) of the site or property, in addition to 100% of build costs, plus interest and fees.

Loans available for Residential, Commercial and Mixed Use schemes
Senior Debt, Stretched Senior Debt, Mezzanine and Equity or Joint Venture facilities
Full range of Loan to Cost, Loan to Value and Loan to Gross Development Value options
Loans from £25,000 to £50m+
No geographical restrictions

Commercial Loans for Developers

Bridging Loans - Market-leading short-term secured finance

Quick, straight-forward and transparent loans from as little as 8% per annum plus 1% arrangement fee. Borrow £250,000 to £25,000,000 for up to 12 months without any exit or early redemption fees. Our bridging loans can be used for both residential and commercial property and for a multitude of purposes, including Bridging the purchase of a property or land, funding the acquisition of commercial or buy-to-let property, refinancing or business use.

Development Finance - We start where the banks stop

We lend more than banks, both against the gross development value and the total project costs; which allows our borrowers to spread their capital further and maximise their return on equity too. Leverage is available from 55% to 70% LTGDV and we fund up to 90% LTC. Our development finance loans are available nationally and for a multitude of purposes, including Small to Medium size house building, permitted development schemes, nonowner-occupied refurbishments, mixed use developments and student accommodation.

Standard & Light Refurb

At Properties.co.uk, we are continuously listening to developers and finding the areas of funding shortfalls. our partners have access to a number of development funds from 60% to 100% funding.

There are a large number of lenders for this sector, from mainstream banks to private institutions and hedge funds to HNW. Our bridging finance brokers are trained specifically in this area. They can help you find the best solution.

Big Refurbishment Projects

Bridging finance for larger projects are a specialist and technical market, encompassing loans of £500,000 and above. The numbers are all very large and the margins for error are very slim.

Our partners are very well respected in the high and ultra high net worth markets – we have completed very large bridging loans year on year for our clients.

Second Charge Loans

Second charge bridging finance products are for borrowers who already have a loan secured against their property, and require further funds for a limited period of time.

Finance is available quickly and cheaply, without disruption to your current main lender’s terms. For example if you already have a very good rates and trackrecord with your existing lender, then it does not make sense to disrupt that relationship. Income and affordability requirements are less rigid and, we currently have lenders are very keen to lend.

We will assess all lending options with you to meet with your requirements – second charge lending is a product we are using more and more.

Development Finance and Senior Debt

Development Finance Funding for residential, mixed-use and commercial development projects are available from a number of our partners that are able to provide flexible and bespoke funding for developments across England, Scotland and Wales; we finance the purchase of sites and the construction of property.

We steps in where the banks have cut back on residential and commercial development lending. Our partner's development loans are convenient and affordable, with minimum bureaucracy and they are able to make very quick decisions for development finance applications.

We have a focused partner pool that really understand property development. Each application is assessed and negotiated on its individual merits.

Stretched Senior Debt

Traditionally banks and usual development funders restricting the Loan to Cost to less than 70% and to 55% GDV there has been a big demand for Stretched Senior Debt Development Finance. This stretch means there is a reduced requirement to secure funding through a separate mezzanine provider. The stretch also allows developers to spread their equity across a greater number of projects. We have a number of partners who are extremely keen with cash to deploy on stretched debt finance.

We have stretched debt funders who will consider funding from £500k to £10 million. The maximum Loan to Costs is 80% with the lending being no higher than 75% of gross development value. We have funders who will consider schemes which are unconditional and subject to planning. To make a full assessment we will require all the usual supporting documents required in a case along with detailed planning strategy and opinion from planning consultants and proven track record for the developer.

Equity and Joint Venture

Our Equity and Joint Venture Partners typically invest in the development through shares in a specially created SPV (Special Purpose Vehicle) or through a profit share agreement. Investment partners require the Property builder to provide guarantees on cost overruns in order to protect their return. We have a selected partners that can provide the senior debt loan for the development to 70% costs and offer an additional 20% Joint Venture/ Equity funding through a High Net Worth investor partner.

The lending criteria for a typical application is base on the project's individual merits and the loan term is normally 12 - 24 months

Borrower: Seasoned Property developer with established track record
Costs: Typically: Arrangement fee of 1-2%, interest rate, exit fee, valuation, legal, monitoring surveying fees and non-utilisation fee (for committed but non-utilised capital)
Planning: Sites to have approved outline planning in place.

A mezzanine or "mezz" loan is second charge debt provided to property developers and house builders to allow them to ‘top up’ the level of finance for their project. The provision of a mezzanine loan can enable the developer to improve their cash flow and consider additional development projects. Typically our partners lend between £250,000 to £3 million and 80% loan to cost / 65% loan to GDV. Also, the 80% Loan to Cost excluding interest rolled up on the facility and loans can include part of the land purchase cost. Second charge security is also required.

Due to the massive range of ever-changing products out there, please request a Call Back so we can efficiently assess your requirements

Residential and Investment
Recent changes in the economic climate have led to a fundamentally changing credit landscape. By concentrating on developing a close working relationship with access to a wide range of lenders, from High Street Banks and Building Societies to International Private Banks, we have the ability to offer you products from the whole of market. If you are a first-time buyer or a homeowner, we will be able to help you identify the mortgage solution specific to your requirements. Whether you are looking to purchase or refinance your residence, we continually evaluate the market to ensure that we offer you the most up to date advice.

Re-mortgages
Remortgaging can be a great way of reducing your monthly outgoings or releasing equity for other expenses. Many lenders are now offering more competitive interest rates to attract new customers, and switching can be easier than you might think. When assessing your situation we will assess all the fees and charges that are payable to switch from your existing lenders such as exit fees, arrangement fees, early repayment charges, legal fees, and mortgage valuation costs. It is important to calculate any costs against what you will save in interest repayments. Remortgages can offer you peace of mind through the security of a fixed rate or debt consolidation, maximum savings taking advantage of the low-interest rates and could allow you to release cash for other purchases.

Buy to Let Mortgages
With the current stock market volatility, low savings rates and maintained strength in the property market, buy to let investments are an attractive income investment, especially as rates are low and as a result has seen a resurgence in recent times. Lower house prices, rising rents and improving mortgage deals are tempting investors once more and this has restored much faith in the buy to let market. If you are planning on investing, or just want to know more, we can advise you on the most suitable mortgage products.

New Build Mortgages
With our knowledge and London mortgage broker expertise, we can help you understand the best mortgage product to suit your individual needs. Help to Buy and New Buy are government-backed schemes that could help you get a new build property with just a 5% deposit required.

Our partners can offer property development finance throughout England, Wales and Scotland. Their dedicated teams work with property developers to provide bespoke funding solutions to best suit individual schemes. They prove to be extreemly responsive, proactive and solutions driven.

Due to the massive range of constantly-changing products out there, please do request a Call Back so we can efficiently assess your requirements