All the latest news about property funding in the UK. Bringing updates about commercial mortgages, buy to let mortgages and property development finance; mostly directly sourced from the industry press.
When people first start looking for property development finance they are confronted by a range of different options. One common misconception is that property development funding is only applicable to larger projects. In fact, there are plenty of lenders willing to assist with quite modest refurbishment schemes. In one recent case a borrower with limited …
There are an estimated 5.2 million commercial properties with in the UK with the total size of the retail, office and industrial stock presently estimated to be over £610 billion. It may surprise you to find out that 52% of these commercial properties are investment stock. The remainder are obviously owned by owner-occupiers, mostly using …
Buy to Let lenders have started adjusting their lending criteria as the long awaited buy-to-let price war hots up. Lenders, including The Coventry Building Society, have recently announced changes to their rental calculations. A few short years ago rental cover of between 130% to 150% was the norm, now The Coventry have reduced theirs to …
Whilst most of the UK is experiencing a chronic shortage in housing stock, the “one man band” property developer is probably going to be the unsung hero.Why? … Well, most of the larger property developers do not see enough profit in refurbishing existing property and are more interested in grand scale new-build schemes. Meanwhile the …
When the need for a bridging loan arises people are often concerned that a poor credit history may cause problems. Well, the basic condition of Bridging Finance is that the lender’s advance is covered by the value of the property being offered to secure the loan. Bearing in mind that the value of the subject property …
The year 2006 has been another one of expansion for the Bridging Finance sector seeing a record number of enquiries and loan completions. Additionally new lenders are starting to enter the short-term property finance market-place which means rates will start to fall as competition increases. Many observers believe that this growth in Bridging Finance is a result …