How to fund a development
THE QUESTION
Having been offered a plot of land suitable for building four houses, what’s the best way to fund another development?
THE ANSWER
Funding new build developments is simple, you use a development finance lender to lend you 100% of the build cost and then you get creative on how you finance the purchase.
If you have a chunk of cash yourself for the deposit then the development...
Finance for a new build
THE QUESTION
I want to get into building a brand new property, what type of finance is needed for this and how does it work?
THE ANSWER
New build projects require development finance and this is structured in a specific way. Pre-credit crunch this was freely available from the major banks, but they pulled out when the credit crunch hit, with disastrous consequences for many of their...
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