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Interested in Land?

CASE STUDY

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My client's often need to arrange the finance for their build.

A recent one was £8m GDV, where the land cost £1m.

We structured the deal to ensure the buyer does not have to put a massive deposit down, the lender reduced the risk, based on the value and Purchase price, and can defer some of the purchase monies after the project is complete and still generate a healthy net profit (450% ROI). 

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This is the money left over after all the fees and interest is paid back.

HOW CAN WE HELP?

Want to save time on your latest project? We can connect you with Solicitors, Architects, Estimators and other professionals to help you on your development journey. I can also organise the finance.

Lending - Bridging/Purchase Land

The land that you are purchasing will need to be secured quickly, via the form of a bridge. There are a few Lenders that lend on land, often between 55-75% LTV.

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I can structure the deal creatively between the Buyers and Sellers to ensure the numbers work out for the Buyer, the Lender and the Seller. 

Green Suburb

Solicitors

The Solicitors are on your side to ensure the transaction runs smoothly. They do all the pre and post checks on the land. The Solicitors check to see if there are any restricted covenants, or protections on the land such as 'Green belt' or 'Area of Outstanding natural Beauty'.

Law Books

Architects

The Architect will meet with you to speak about your plans on the land. At a cost, they will speak to the Planning Officers in your chosen region, to see what can be built (if anything). If it can be developed on, they will draw up plans using a site map of the land, showing floor plans, utilities, roadways and car parking.

Architecture Illustration

Estimators

You can get in touch with Estimators or builders who will use systems to work out what the build costs will be for your chosen project.

Mechanical Engineer's Sketch

Valuer (Surveyor)

The Lender will always instruct the valuer to inspect the land and use the historic sale prices of the properties nearby and the build costs per sq ft to work out the money needed to complete the Development.

Surveyor Engineer

Always Wright Mortgages Limited is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register (https://register.fca.org.uk/s/) under reference [Firm FCA Number] The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies.

 

Registered in England and Wales No: 12273176

Registered Address is: Unit 24, Highcroft Industrial Estate, Enterprise Rd, Horndean, Waterlooville PO8 0BT

 

The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK.

 

We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

 

Your property may be repossessed if you do not keep up repayments on your mortgage.

 

There will be a fee for mortgage advice, the precise amount will depend upon your circumstances. Your Consultant will confirm the amount before you choose to proceed but we estimate it to be £500.

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​We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission model: percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.

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