Welcome to Commercial Finance for UK Properties
Properties.co.uk Commercial Finance partners specialises in finding the best financing solution for you and your business. We work with a number of experienced teams with and access to a wide range of business finance products which are not always available from your high street bank or current lender. All our partners act as an independent broker, our nationwide service offers a flexible approach to secure the best deal for you and your business. All of our partners fir Commercial Finance are a Full Member of the NACFB.
Our Development Finance vs. Banks

At Properties.co.uk we try and be more imaginative and lend more than the usual lending sources on the high street, 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 65% LTGDV and we fund up to 85% LTC. Our development finance loans are available nationally and particulary stron in the South East. The solutions are for a multitude of purposes, including: Small to medium size house building, permitted development schemes, non owner-occupied refurbishments, mixed use developments and student accommodation.

Due Diligence
  1. -Open to private or corporates
  2. -Both residential & non-residential uses
  3. -Planning gain considered towards borrower equity contribution
  4. -No bankruptcies, CCJs or poor credit
  5. -No planning risk taken if land is the only security
  6. -Proven track record for the type of project to be financed
  7. -Subject to satisfactory compliance and due diligence
  8. -Build costs drawdown in arrears against Q.S. sign-off
  9. -Security by way of 1st ranking legal charge
  10. -Limited PGs and company charges required if lending to corporates
Guideline for Rates

 

Maximum LTV (1) 55% 60% 65%
Interest Rate Per Annum (2) 8% 9% 10%
Maximum Loan Size £15,000,000 £15,000,000 £15,000,000
Minimum Loan Size £500,000 £500,000 £500,000
Maximum LTP 80% 80% 80%
Maximum LTC 90% 90% 90%
Arrangement fee (3) 1% 1% 1%
Broker Fee (4) 1% 1% 1%
Exit Fee 0% 0% 0%
Maximum Term 24 months 24 months 24 months
Minimum Term 6 months 6 months 6 months
Interest Payable on Exit yes yes yes
Early Redemption Penalty no no no
Interest Compounded Yes Yes Yes
Minimum Interest Payable (5) 3 months 3 months 3 months