According to the latest Rightmove House Price Index for May 2011, the UK property Market is remaining in a state of limbo. A lack of proceedable buyers is not helping, and a it would appear that most new sellers are marketing under forced sale conditions, sometimes holding out for unrealistic asking prices. Although there is also conflicting data from other sources.
Read more on Property prices ups and downs, again….
According to the latest Rightmove House Price Index for May 2011, the UK property Market is remaining in a state of limbo. A lack of proceedable buyers is not helping, and a it would appear that most new sellers are marketing under forced sale conditions, sometimes holding out for unrealistic asking prices. Although there is also conflicting data from other sources.
A quick overview of property development finance. Continue reading
Looks like the doom and gloom merchants are out in force again. But who to believe? Continue reading
A property developer has won a High Court case against property investors forcing one to pay £133,000 after they backed out of an agreement to purchase flats “off plan”.
The High Court, in Bristol, has ordered the person to pay a whopping £133,282 in damages, costs and interest to Plymouth’s Prestige Homes South West Ltd, after pulling out of a deal to buy two Zero 4 flats in Plymouth.
Read more on Property Developer Wins Test Case Against Investors…
We thought that Mezzanine finance in the property industry had all but disappeared. Two or Three years ago there were plenty of options with Mezzanine finance with lenders keen compete with each other.
Read more on Mezzanine Loans for Commercial Property Development…
Well, think back a few years and you will recall that relatively inexperienced developers were able to make good money just by purchasing a property and hanging on to it for six months. In fact several did and thought they were turning into professional property developers.
Read more on Property Development Finance – who is lending?…
Mezzanine finance is the funding that makes up the difference between the level of bank funding and the actual project cost. Mezzanine deals can sometimes enable a property developer to take on a project which they might otherwise not be able to finance.
Bridging loans can be used for almost any purpose so long as there is enough equity in the property. The UK Bridging Loan market is estimated to be worth £2.5 billion and the demand for bridging loans is believed to be growing by 25% year on year. Bridging finance can be made available for many purposes, the obvious one being to bridge the gap between the purchase of a new property and the sale of an existing property.
Some people regard 100% property development finance as the holy grail of property funding. So it is not surprising that it is one of the most often requested types of loan. We should say right at the outset that 100% development finance is possible, however there are several important criteria that a lender will look for.