Mortgage broker for first time property development
Discussion
Chaps
I know that one or two of you here are mortgage brokers. I am looking at getting in to property development next year, and need to know what kind of mortgages are available based on what I want to do. If you could drop me a line via e-mail (in my profile) then that would be great.
Out of interest, which mortgages do other property developers on here use? What % of price do you place as deposit?
I know that one or two of you here are mortgage brokers. I am looking at getting in to property development next year, and need to know what kind of mortgages are available based on what I want to do. If you could drop me a line via e-mail (in my profile) then that would be great.
Out of interest, which mortgages do other property developers on here use? What % of price do you place as deposit?
smirnoff, could I run something by you?
(going to try anyway
)
got a client needing a BTL remortgage but he's got a troublesome tenant who is about to be evicted...and she won't agree to the valuers gaining access (even with 7 days warning) so we have a problem.
I need to find a lender who will do a drive by or a desktop val on this prop so the tenant is undisturbed - and they would also like to extract 50k from it to take the LTV to 78% so I fear any lender will want to poke about inside it to accurately assess rental value
(going to try anyway
) got a client needing a BTL remortgage but he's got a troublesome tenant who is about to be evicted...and she won't agree to the valuers gaining access (even with 7 days warning) so we have a problem.
I need to find a lender who will do a drive by or a desktop val on this prop so the tenant is undisturbed - and they would also like to extract 50k from it to take the LTV to 78% so I fear any lender will want to poke about inside it to accurately assess rental value

You could try www.kingswoodassociates.co.uk
They're quickly getting a reputation as the best Buy to Let and Commercial finance broker in Wales, but dealwith the entire country.
They're quickly getting a reputation as the best Buy to Let and Commercial finance broker in Wales, but dealwith the entire country.
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