The necessity for new homes and quality housing developments is at an all time high. This increased demand may mean property development can be a lucrative investment opportunity if planned and implemented effectively.
Take a look at why property finance can help expand your portfolio and create quality housing for rising public demand.
Projects big and small
Land and property development comes with many challenges from planning restrictions to funding options. Both large and small companies face a range of obstacles in today’s commercial environment, so seeking professional advice is an important step to securing adequate funding for new housing developments.
Property finance can help a range of developers from established firms to smaller community projects. These finance options offer funding for a variety of needs including development costs and infrastructure needs, and can be tailored to specific business requirements.
Expanding your rental portfolio
As more people are choosing to rent, providing quality rental properties is an ideal investment opportunity. If you’re looking to acquire new properties for your buy to let portfolio, property finance is an ideal option. Due to the changes in tax and regulation, you may want to consider running your business as a limited company and apply for funding this way. There is a range of options for both sole traders and limited companies to expand including portfolio finance that provides a consolidated loan based on your rental income.
In locations that property and land need extensive regeneration, property finance can help create modern and quality builds for community needs. Development finance is ideal for an upscale project and delivers funding from the planning stage through to completion. Land and development funding is also key for new buildings or housing projects and offers finance options based on the gross development value, which enables you to carry out the projected works with sufficient cash flow.
Short-term finance for quick decisions
Before starting a build project, it’s important to establish what type of finance the development will require. A popular and useful funding option is a bridging loan. This type of loan is usually a helpful way to finance the purchase of a property and can be ready within a few days for a quick transaction.
Flexible finance options
Aside from the traditional lending streams available to property developers, there are a variety of funding options for less conventional development projects. These innovative streams offer immediate access to finance so businesses can focus on expanding their portfolio property with fewer barriers.
Property development projects can be a complicated area especially if you are looking for funding options. It is always important to assess each step in the development process to acquire the type of finance you need for your chosen project. Seeking the advice of a property finance specialist is the first step to ensuring you get off on the right foot whether you are looking to grow your portfolio or expand your commercial business.
Find out how Response Business Finance can help with Property Finance. Click here for more info: https://www.responsebusinessfinance.co.uk/property