UK Property Finance | 7 Things You Wanted to Know About Development Finance But Were Afraid to Ask

Are you a UK property investor? Ever wondered about this development finance thing?

Well today's your lucky day, as I've brought together 7 things you've always wanted to know about development finance but were afraid to ask in this brand sparky new video.

I cover how the loan is calculated, what GDV is, the costs involved, what experience you need, the documents you should have ready and even why you can't use a mortgage instead!

Hopefully that's enough to keep you busy!

#developmentfinance #propertymarket #ukpropertyinvestors

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[uknewslink]

You are very well informed about property.

[mikeosun]

Great content mate, can you do one on using professional consultant certificate as warranty on a grown up project.

[sweetfilms]

Very informative video Sam. How likely are you to get development finance if you don't have any collateral such as your own property but have funds to kick-start the development. Thanks in advance.

[abdulmuhaimen]

With regards to the property CV - if the only experience you have is having a portfolio of 10 properties c. £6 million in AUM, then is that not a good enough level of property experience to secure a development loan? What would the rates be if higher? I'm currently looking at a property plot to build 15 flats. This would be a new build project, having previously done two major refurbs successfully.

[mrb]

Hi Sam, using the development of an existing property as an example (e.g. significant extension) I don't understand how you can successfully go through all of the necessary steps before the vendor sells to another buyer, especially in a hot market. Any tips?

[xXJIMIXx]

Very interesting video Sam. One question regarding point 3 - maybe I am misunderstanding but you say I will need to pay for the work done to date before the development finance tranche is drawn down and pays me back, and this happens for each subsequent tranche. If I can pay for the work done to date at each stage, what is the purpose of the development finance?

[ashleyspencer]

Brilliant content wish I had found your content earlier as I have a viewing on a pub on Monday. It’s a property I want to convert to a house - is there a way to protect myself if change of use class isn’t recommended.

[oscarmcmasters]

Hi Sam, looking for some advice, I have inherited a London property, the house is in a very poor condition its value is approximately £950000, I want to convert the house into two flat's, would you go with a bridging loan or development loan... the property will be worth more than 1.6 million after the work..much appreciated for your help.

[FashDabeshkhoyFash]

Great video Sam! You mentioned about the reasons why you can’t use a standard mortgage for development, but I was wondering where’s the “security” or the charge for a development finance lender ? What happens if you absolutely screw up the project ?!

[terencencube]

Great stuff! Do you have contact details?