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Property development loans

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  • Property development loans

    Hello

    We are thinking of buying our 1st property in London through an auction, refurbish and sell.

    I am looking into short term loans and came across websites that offer short term mortgages for property developers.
    Do you have any advice on that or anything to recommend regarding short-term mortgages?

    Many thanks

    Lili

  • #2
    Re: Property development loans

    I hope you're planning on taking more than 6 months to refurbish it....

    You'll find if you try to sell it after 2 or 3 mths that the buyer's lender will get very twitchy at the fact that you've owned it for less than 6.

    All to do with the money-laundering regulations.

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    • #3
      Re: Property development loans

      I am looking for the same advise? There are bridging loans available, but does anyone have any experience with these?

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