Property Finance

Property Finance

by 2020finance
Property finance experts specialise in arranging finance for new build, conversion and refurbishment projects for property developers and investors. Property finance experts can also arrange competitive bridging loans to ‘bridge’ a timing gap between a debt coming due, or the main line of credit becoming available. Our experts can also help you to purchase your business freehold with a Commercial Mortgage tailored for you.
Benefits of arranging Property Finance:
Solutions we introduce:
  • Specialists who will walk with you to completion and beyond, advising you every step of the way
  • Access to a full range of property finance products from a vast range of lenders
  • Bespoke solutions tailored to you.
  • Bridging Finance
  • Development Finance
  • Developer Exit Loans
  • Second Charge Loans
  • Property Investment Loans
  • Impaired Credit Loans

Product Type

Terms

Purpose

Requirements to Progress an Enquiry

Requirements to progress and entry for ALL ENQUIRIES: Full property address, Description of the asset, Current Market Value, Purchase or Refinance, Existing Loan details, Schedule of tenancies, Amount of loan needed, Repayment term, Interest only or amortising.

Bridging

Short term funding when time is of the essence. Ideal for auction purchases, site acquisitions, refurbishment projects, tax bills or any other business purpose where funds are needed quickly

  • Rates from 0.59% per month
  • Interest roll-up
  • Typical lender fee 1.95%
  • No early repayment charges
  • Loans up to 75% LTV
  • Full address of the property
  • Details of any refurbishment or change of use
  • Source and timing of repayment
  • Date when funds are needed

Development Finance

Site purchase and construction of single houses, multi unit schemes flats, student accommodation, offices mixed use and commercial units

  • Rates from 3.50% over Base
  • Interest roll-up
  • Arrangement fee 1.25% / Exit fee 1.25%
  • Funding from 70% to 90% of total project costs
  • JV funding up to 100% of costs available
  • Project appraisal
  • Planning decision notice
  • Brief overview of previous completed scheme

Developer Exit Loans

Release capital from a completed development pending sale. We can also term out the development finance onto a long-term interest-only loan if the asset is going to be held as an investment

  • Rates from 0.55% per month
  • Interest roll up
  • Lender fee 2%
  • No early repayment charges
  • Loans typically 70% LTV
  • Sales particulars for the property
  • Practical completion certificate

Second Charge Loans

  • Release equity from a residential property for any business purpose whilst retaining the existing mortgage which may be on an attractive rate…
  • This type of loan is often used to raise a deposit for a buy to let purchase
  • Rates from 6%
  • Long-term facilities up to 20 years
  • Most loans are amortising
  • Low set up costs
  • No early repayment charges
  • Full address of the property
  • Mortgage statement
  • Income details for the borrower(s)

Property Investment Loans

Purchase or refinance of residential, mixed use and commercial properties

  • Interest only loans up to 75% LTV
  • Rates from 2.99% over LIBOR
  • Typical set up fee 1.50%
  • Loan terms up to 30 years
  • Can pay off 10% of the loan each year with no early repayment charge
  • Full address of the property
  • Details of existing and/or proposed leases.
  • Estimated value of the property
  • Brief overview of the borrower

Impaired Credit Loans

  • Finance is available for clients where there has been a previous liquidation, CCJ, default even Bankruptcy
  • We can also source finance where Banks have agreed to Debt Foregiveness
  • Our lenders focus more on the property than the credit history of the client
  • Rates from 0.95% per month
  • Interest only, which is normally retained within the gross advance
  • Typical set up fees 2-3%, but could be more for very challenging cases
  • Full address of the property
  • Details of adverse credit history
  • Date when funds are needed
  • Source and timing or repayment