Can I get finance to buy land to develop?
Yes, finance is available to buy land to develop.
Getting a land mortgage isn’t easy at the best of times, simply due to the low number of lenders in this area but solutions do exist and there are a choice of lenders in this market. A loan for land can allow you to build your perfect home or secure an area to develop.
Lenders often see loans for land as risky propositions but with strong applications that risk can be avoided entirely, land bridging loans could offer short-term solutions instead.
Many standard lenders avoid land mortgages because it is more specialised than residential lending with an added risk element. That’s why many people choose to borrow using specialist mortgage brokers, who have access to better products and services for loans on land.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.