Bridging loans are traditionally used by buyers who have found a new property but haven’t yet sold their current home. Whether you have found a real estate opportunity that you need to move quickly on, or have found premises you intend to purchase, but may not be able to sell your current property in time, bridging loans may be the answer. Bridging loans can be arranged incredibly quickly to meet your needs. They have a reputation of successful approvals where other bridging loan lenders may not have been able to lend.
Weystone Financial offers specialist mortgage advice for both commercial and large bridging loans. Finding every client the perfect loan for their situation.
Commercial & development finance can be difficult to obtain due to the complex nature of both the property and the commercial and development elements involved. This is a marketplace whereby the number of active funding options is growing, meaning you will likely be able to obtain better commercial development finance funding options with other lenders as opposed to your own bank on the high street. If you’re investing in commercial property development, speak to Weystone Financial about property development finance.
Self-build mortgages are for those who plan on turning their dreams into a reality. There are many bespoke self-build mortgage lenders who are able to lend on these types of projects, all with varying criteria set out to help you no matter the project. Cash flow whilst building your own home is paramount; the main difference between mortgages for self-builds over a traditional mortgage is that the money is released in stages as the build moves forward, rather than as a single amount. Self-build mortgage lenders will release funds for you to buy land, subject to the plot having a minimum of outline planning or permitted development rights.
In the past a deposit of around 20% of the whole project, including both the purchase of the land as well as the build costs, was required, however, there are self-build mortgage lenders that can fund projects with a deposit as low as 5% of the overall cost. Typically, the stages of funds being released can vary slightly from project to project depending on the lender and the construction mechanism you are using. Whether you’re looking for a self-build mortgage for a first-time buyer, or you have experience with self-build mortgages, Weystone Financial can offer you advice on your mortgage options.