Development Finance - Cheaper Than You Think

In this video we discuss development finance loans and how they chould be cheaper than you think!

PROMISE MONEY 01902 585020

#developmentfinance #property #realestate

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YOUR BANK MAY HAVE 100's OF PRODUCTS AND PLANS.........
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1st charge, 2nd charge and even 3rd charge
Term loans, short term bridging, Interest only
Mainstream and specialist / complex products
Residential, BTL, HMO, Commercial, Development & Unsecured Business Loans.

PROMISE MONEY 01902 585020

Representative example
66% of our clients get these rates or less - (This is not a specific example of this product above)

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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[stevehodge]

Interesting video. Appreciate your time. I'm actually a director of a building company, well established and very busy. However, developments seem a natural progression for me. We are on the bank end of covid recovery so outside of experience and a few vehicle assets we wouldn't have much cash to put in. With the right deal would a lender consider 100% finance? I would likely be able to get investors that I have worked for previously it would be like working for a customer so not ideal.

[damiijay]

Thank you for the video. What do you mean when you say plus base?
The example with 60% you gave are you expected to find the 40% deposit

[damiijay]

Thank you for the video. What do you mean when you say plus base?
The example with 60% you gave are you expected to find the 40% deposit