100% of Build Costs On Day One Property Development Finance is not always stright forward, If you have had experience in obtaining development business you will have encountered phrases such as ‘lend against open market value’ and ‘based on a 90 day valuation’. This is jargon associated with the maximum a suitor is prepared to lend against. It is not uncommon for the lender to restrict the … [Read more...]
Auction Finance for Property – How to choose the right provider and complete on the deal fast
Looking to buy a Property in a Auction but want to know how much you can borrow and how you can complete in less then 30 days. One of the most fundamental things you need to put in place before you go to a property auction is finance as most auctions will require you to complete on a purchase within 30 days. Below I discuss the pitfalls of using conventional mortgages for auction finance and … [Read more...]