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Found 5 results

  1. Hey all! I'm looking to purchase our first property with bridging loan (note we have 3 BTL already but they have all been through BTL mortgages) Anyways I'm looking for recommendations for who you have used before and rough costs? I've seen from 0.5 to 1% per month but that's a massive difference. The property value is 100k and I'll buy it for 100k hopefully, spend 15k on it so I need 120k in total with fees and stamp duty. If ideally like to borrow 60 to 70k over 6 months. Many thanks!
  2. Hello Hubbers! Would appreciate any ideas to assist in overcoming this hurdle. I have a plot of land that I have secured full planning permission on for 2 houses (a two bed and a four bed). The build cost will be around 400K and as they are custom builds they will take between 12 and 14 months to complete (including contingency). This is my first development and as such I am struggling to find ways to generate the cash required. Most lenders can only lend up to 12 months or only lend to people who are experienced developers. Thank you in advance for any ideas put forward. Best, Will
  3. Good morning all, I'm a newbie to the community and my expertise comes from over 30 years in helping clients to obtain funding either through second charge mortgages (secured loans as was), bridging finance, or development finance. Regards Steve
  4. We're dangerously close to being the proud owners of a small, well looked after but rather 'tired' office block. Planning permission (as a permitted development) is underway to convert the offices into 5 apartments and should be decided by the end of the month, we're keeping fingers & toes crossed it'll be positive as there have been no major objections. We're buying the building cash, and the estimate for the development work is slightly less than what we're paying. We've had a few conflicting opinions (from financial advisors amongst others no less) as to whether it's possib
  5. I was introduced to the Property Hub by Mark @ homesure at a networking event. I am a commercial finance consultant who helps people like yourselves expand your property empires by identifying sources of commercial finance. You can direct your financial questions at me and I'll try and help
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