Financing Property Development in the UK
Developing property in the UK?
If you have a good property development opportunity, here at Strategy Corporate Finance we can offer you a number of services to help turn your ideas into profitable results.
The term property development refers to renovating or rebuilding a residential or commercial property in order to return a profit. When you are borrowing money to develop property, lenders tend to be more agreeable if you have some relevant experience. However you should not be put off if you are totally new to property developing, you can employ a project manager or a property development consultant to help appease the lenders and ensure that the project runs smoothly. It is especially useful to call upon professional help when dealing with architectural design and building regulations.
When looking to finance a property business opportunity you should be aware that in some cases you can borrow 100% of the value of the property. Also if you are buying land to develop, some lenders will loan you the value of the land plus a percentage of the expected value of the completed property.
Before embarking on a property development you need to decide on the type of property to choose and work out who your target market is in that area. When selecting a property to develop you are obviously trying to buy it at a reasonable price and then sell it for a profit, but there are a number of different ways to achieve this goal. You could just make minor changes to update and modernise a property, you could convert an existing house into flats, or even change a commercial building into residential living space.
When assessing an area you should consider the supply and demand for property as well as the state of the local economy. You then need to work out the social demographic you are targeting and base the changes you make to your property around their requirements. For example, families may be interested in having an extra bathroom and a garden where as young professionals may prefer a more stylish finish and access to bars and restaurants.
If you are considering property development in the UK then you really should contact us today on 0845 838 0936 or drop us an email. We can provide you with very competitive sources of finance, as well as access to a wealth of property development experience and knowledge.
We have employed John Courtney of Strategy Consulting Ltd as consultant to our rapidly expanding group of companies on a regular basis, and he has been instrumental in our stability and growth.
As well as his lead in strategy, John Courtney has also assisted us in financial forecasting and negotiations with banks and other financial institutions, where he has many useful contacts and no little skill in negotiating. In particular he helped us get a substantial six figure loan from our bank enabling us to purchase and equip a neighbouring building and we would not have been able to do this without his efforts.
John Courtney of Strategy Consulting has proved over the years to be an essential ingredient of our successful growth and expansion, and we would not take any major decision without his input. He is honest, reliable and trustworthy as well as having a friendly approach and manner.
I wholeheartedly
recommend him and his company to you.
Yours sincerely
Richard Smith
Director
If you would like to know more about our range of corporate finance services, contact us today on 0845 838 0936 or drop us an email.
