UK Non Status Property Development Finance
At Sterling Capital Reserve, we regularly arrange non status development finance for clients looking to develop property.
 |
 |
 |
 |
This can be for:
Property developers or Private Builders. Our panel of lenders have excellent reputations for their expertise, speed, flexibility and reliability. In most cases a higher level of loan to value can be obtained from such specialist lenders than can be obtained from traditional high street banks.
Finance is available for:
- Commercial Development (Pre let or pre sold)
- Residential development (New build, conversions, extentions)
- Property Trading (Acquisition, refurb and onward sale)
- Planning Gain Finance
- Investment Portfolios
Non Status Development Finance Criteria:
- Loan Size £50,000 - £5 million
- Term Up to 18 months
- LTV 60% of Land/ Site valuation
- 100% of build costs
- Valuation Lender’s surveyor / valuer will monitor costs, timetable and cashflow.
- Stage payments are usually released on monthly certification.
- Sites to have planning in place before drawdown
- As a guide, projects should show a minimum of 25% profit on cost.
Enquire Online for a Non Status Commercial Mortgage
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0844 4144 394 and let our professional team find you a competitive UK Non Status Commercial Mortgage.
Sterling Capital Reserve Ltd
Sterling House
10 Wheatcroft Business Park
Landmere Lane, Edwalton
Nottingham NG12 4DG
Tel: 0844 4144 394
Fax: 0115 921 5550
Map and Directions to our Office
