Frequently Asked Questions

Absolutely! We’re on your side and with you every step of the way as we help you to secure funding for your projects and achieve greater heights. We have access to a huge network of lenders to ensure we can match your circumstances to a suitable source of finance.

The amount you can borrow and the interest rate are dependent on many factors. Below is a list of the main factors that affect the loan amount that you can borrow for your property finance:

• Borrower’s experience
• Borrower’s credit history
• Borrowers background net worth
• The land cost/purchase price
• The build cost/refurbishment cost.
• The gross development value
• Whether it is a new build, mixed use or multi unit.
• The feasibility

Development finance is typically sought by individuals or companies that are looking to undertake a property developmental project but face issues securing funding via traditional routes such as mortgages. Development finance can be used in various ways from the initial land acquisition to covering all the costs of construction.

While with normal mortgages, lenders would normally look at current value of the property and offer lending based on current value and the borrowing potential of the client. In Development Finance, the lender is interested in the future value.

This all hinges on your deposit size, individual circumstances, and most crucially, what rental income you will receive. Banks and building societies typically expect you to make more in rent than you are paying out in monthly mortgage repayments.

That’s normally true. Most lenders require you to have a deposit which ranges between 25-40% of the property value, so you would have to find a substantial amount more for a deposit then you would on an owner-occupier’s purchase.

The interest on your commercial mortgage is tax-deductible. In addition, any subsequent increase in the value of your property will be reflected in your capital.

While Commercial Mortgage interest rates may be higher than those charged for a residential mortgage, you are more likely secure better interest rates than if you take out a typical business loan.