Residential property development mortgages are loans that are used to fund the construction of residential property. The developers use the funds to purchase land and build new homes. The developer will then sell the homes at a higher price than they paid for them, which will then help them make a profit.
Commercial property development mortgages are different from residential mortgages in the sense that they will be used to fund commercial properties. The main difference between the two would be that residential mortgages are mostly used for people who want to buy their own home, whereas commercial property development mortgages are usually given to developers who want to fund their own projects.
Bridging finance is a financial service that is provided by financial institutions to clients. The main aim of this service is to provide the client with an opportunity to quickly and easily access funds for a short period of time. The term "bridging finance" can be used in different contexts, such as bridging the gap between two loans or bridging the gap between two payments.
Property development mortgages are a type of mortgage that is specifically for the purpose of property development. These types of mortgages are available to those who own land and want to build a property on it.
Getting a mortgage for property development is not an easy task, but a mortgage broker can help. You will need to make sure you have enough funds to cover the down payment, and there are additional costs such as legal fees, building inspection fees, and more. You will also need to make sure that the property you are looking at has potential for development, is located in a good location, and meets all of the criteria necessary for construction.
The benefits of property development mortgages are as follows:
Working with banks and other specialist lenders, we can arrange for you the best property development mortgages in the UK at the most competitive rates.
We understand how important it is for you to get started as quickly as possible, so we offer quick processes to ensure that you’re never stuck waiting for a long time.
For our customers, we offer a no-fuss, no-hassle service. Our experts are always ready to answer any questions or enquiries that may arise.
You can apply for a mortgage with a lower deposit and lenders will provide you with the balance needed to fund your project.
We can try to arrange flexible repayment periods as well as fixed-rate or variable interest rates.
We take care of all the tedious paperwork, so all you have to do is arrange your finances!
Count Ready does all the work for you, from finding the best mortgage for your needs to providing ongoing aftercare – saving you time and energy so you can focus on what’s important.
We have a friendly team of fully qualified mortgage advisors who are dedicated to providing outstanding customer service. Our brokers are always on hand to answer any queries you may have about our services.
Count Ready can assist you in either building or purchasing. Whatever you decide to do with your property, we’ll provide expert advice and support to take your ambition from imagination to reality. Need some extra help? We work with more than 170 lenders to help finance your new project! Contact our team today.