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Mortgages for Property Developers

Best Mortgage Rates

I Want to Buy I Want to Remortgage

Mortgages for Property Developers

    • 3.89% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback Max £1,250
      Free Legals
      Free Valuation
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    • 3.92% Initial
    • 5 year fixed
    • 6.7% APRC
    • Cashback Max £250
      Free Legals
      Free Valuation
    • Get quotes
    • 3.92% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 3.94% Initial
    • 5 year fixed
    • 6.4% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 3.97% Initial
    • 5 year fixed
    • 6.5% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 3.98% Initial
    • 5 year fixed
    • 6% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 3.99% Initial
    • 5 year fixed
    • 6.5% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.00% Initial
    • 5 year fixed
    • 6.8% APRC
    • Cashback £0
      Free Legals
      Free Valuation
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    • 4.00% Initial
    • 5 year fixed
    • 5.9% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes
    • 4.00% Initial
    • 2 year fixed
    • 6.7% APRC
    • Cashback £0
      Free Legals
      Free Valuation
    • Get quotes

Representative example based on a fixed rate mortgage

A mortgage of £375,000 payable over 20 years initially on a fixed rate for 5 years at 4.38% and then at the standard variable rate of 7.65% for the remaining 15 years would require 60 monthly payments of £2,351.88 and then 180 monthly payments of £2,899.55.

The total amount payable would be £663,156.80 which includes interest and product fees of £1,124.

The overall cost for comparison is 6.5% APRC representative.

Early repayment charges may apply.

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

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