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Financing a property

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  • Financing a property

    Hello all

    I need some pointers on getting a mortgage for a development project , i need to find financing specifically tailored for property development i.e with no early repayment penalties? has anyone got any info on this please

    many thanks

  • #2
    Re: Financing a property

    It would be useful to know what your background is, your current asset and liabilities and what type of property projects you wish to get involved in.
    Worldwide Financial Planning is a specialist independent provider of Large mortgages.

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    • #3
      Re: Financing a property

      I have two properties, one has a residential mortgage and one has a buy to let mortgage, the mortgages account for about 60% of both of them. I have the 25% i need to put down on the next one. This will be the first property I have bought for a quick turn around so I need info on the the best mortgages for this type of purchase, i.e no tie ins

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      • #4
        Re: Financing a property

        If you are looking to continue buying properties for a quick turn when the ERC might not be so painful as you can often transfer the mortgage to the next property for a small(ish) admin charge.

        Good luck

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        • #5
          Re: Financing a property

          Have you thought about bridging finance? We sometimes use this method as it`s quick and the fees are not too bad if it`s only for 6mths or so.

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          • #6
            Re: Financing a property

            Would recommend you see a mortgage advisor, or even two, always trust the professionals as they will guide you in the right direction.
            Northern Ireland Property

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