| _ |
Land acquisition finance |
For more information on land acquisition finance please call us on 0845 130 0009 or 0845 370 0020
Land Acquisition Finance is provided by Great British Finance to help investors and developers move quickly when they identify a site with planning permission in place or planning potential.
Great British Finance can sometimes arrange up to 100 per cent of the purchase price thus allowing clients to pursue a number of diffferent strategies.
The site's value can be boosted allowing it to be sold or refinanced once the potential has been realised through the granting of new or improved planning permission.
The loan can also be converted to a development finance facility allowing property investors to complete a development on the site.
Greenfield or Brownfield sites can be funded with full or outline consent and in certain circumstances a loan will be provided purely against the development potential of the site.
|
|
Example of land acquisition finance
A property company have a long-standing option to purchase a piece of land, subject to planning permission being obtained. The company have a number of other schemes in mid-construction and would prefer to sell the land onto a third party.
| |
Purchase Price |
£200,000 |
| |
Professional valuation |
£300,000 |
Once planning permission is through, the company needs to quickly complete the purchase and wishes to re-market the land for sale at the valuation price.
Their bank is only able to lend 70% of the purchase price and as the company's cash is tied up in other ventures, they are unable to raise the required deposit.
Solution - We help arrange 100% of the purchase price, stamp duty and fees on a short-term facility while the land is sold on the open market.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
|
Great British Finance Limited are authorised and regulated by the Financial Services Authority
(FSA). The FSA does not regulate some forms of Mortgage, Inheritance Tax Planning, Credit
Cards, Personal Loans, Deposit Accounts & Insurance. If you are submitting an online request,
we would advise to read our KeyFacts statement, links are at the top of this page.
|
|
