WE SPECIALISE IN DEVELOPMENT FUNDING.
If you are considering property development, you need the right advice from the beginning.
Having an independent Mortgage Adviser can fast-track you on your way to completing your development. We have access to many non-bank lenders who specialise in development funding, which means we can source the best solution for the specific development.
If you are looking to complete a property development, banks will usually be looking for experience, and will likely advise you to firstly pre-sell enough of the properties in the development to equal at least the amount of the loan you are applying for, and sometimes more. They will also likely require a Quantity Surveyor to be appointed throughout the construction process and will also require a hefty amount of supporting documents in order to assess your loan application.
Depending on the number of properties in your development, for the majority of lenders we work with, they will not require pre-sales which means you can begin your project sooner and hold on to any capital gains made throughout the process, then market the properties for sale once complete or nearing completion. For smaller developments, some lenders will not require a quantity surveyor’s involvement either.
If you have a development opportunity that you would like to discuss, we can crunch the numbers with you to establish the likely lending solution and the optimal time to be able to apply for funding. This could be finance for land banking whilst getting through to resource and building consent, right through to including funding for the build project itself.
Development lending can be complex, and it makes a world of difference if you have a Mortgage Adviser who knows what is involved from the outset. Let Connect Me Mortgages take some stress away, by getting it sorted through us.