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Development funding

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  • Development funding

    Hi to everyone

    I am new to the site and would like to start my first thread on the current situation with lending for property development.

    Does anyone have any suggestions as to what lenders might be interested in LTV of 72% for a new build development in North London with excellent facilities and transport? I have full planning, an affordable housing association which are about to sign contract and 27 private flats to build.

    Most banks seem to have lost their appetite for property development on anything above 60% LTV

  • #2
    I'm looking into it and will have an answer in an hour or two.

    What is the loan size? Also, are you an experienced developer?
    Independent Mortgage Advisor, expert in residential, buy to let, holiday let, and refinance mortgages