The history of ‘Bridging Loans’ is an interesting journey. Once mainly the preserve of our High Street banks, for the good reason that they knew their developer customers often already had some land as security and could act quickly.
Read MoreAs each day of December progresses, some of the doors on your “Buy to Let” Advent Calendar may no longer open. You need to act now if you don’t want to end up saying “Bah humbug!”
Read MoreI received a call from a really good bank manager contact of ours last week. They had progressed an application for a loan from a business and had given it an ‘Agreement in Principle’ backed by the enthusiasm of the banker to do the deal, which involved the purchase of a business premises
Read MoreHelp to Buy London has been getting more attention with Precise Mortgages the latest lender to announce it will provide products supporting the initiative, with rates similar to its current H2B range.
Read MoreWe sometimes see cases where a developer is buying land from a landowner on the basis that the seller will be paid an initial price and then a share of the profits over a certain figure – known as an ‘Overage’. Sometimes these contractual deals can create problems later as, much like anything else involved
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