Mortgages for Property Developers

Mortgages For Property Developers

Property development mortgages

'Short term mortgages', also known as short term property finance or Bridging loans, are a special kind of loan designed to provide a temporary cash flow solution. Property developers can use them to finance a building project over a fixed period of time, e.g. 12 months. Property development finance is normally repaid through the sale of the property or through a buy-to-let mortgage if it is for buy-to-let purposes.

Bridging loans are easy to obtain and have more flexible criteria than most high street banks and mortgage lenders require. In the same way as a mortgage, a bridging loan is secured by real estate.

What situations might require a Short-term mortgage?

A short term mortgage can be used for:

• Make sure you secure a property quickly - before another buyer snaps it up - because competition is fierce for good investment opportunities. In many cases, the ability to move quickly makes all the difference.

• Renovation or refurbishment - Financing may be required to convert a property or increase its value. You need fast finance when developing property - Get a fast, temporary injection during the process of developing your property when you need it most using a bridging loan.

• Within 7 to 10 working days, finance can be made available based on your requirements.

To investigate your finance options call our broker team or fill in our call back form -  speak to our independent mortgage broker team who will be able to offer impartial advice or you can call us on 0117 403 3464