Bridging & Development
Self-Build & Development
Thomas & Co are able to help both individuals seeking finance to build their forever home to developers / builders looking to secure finance to build out a development. Thomas & Co have lenders who will lend against the GDV (End Value) of the site.
Self-build mortgages are set up where the monthly payments are on an interest only basis with the money released on draw-down throughout the build.
At the end of the build and with the sign off from the City Planning Officer, the loan is swapped to a repayment mortgage, usually with the same lender which is set up at the start of the loan, ready to slide into place upon completion of the build.
Builders and Developers
Generally require a small amount of money or well into the Millions to develop a site. We at Thomas & Co have access to those specialist lenders. Provided the land is mortgage free and full planning is in place, Thomas & Co are often able to secure finance against the site with 100% build costs available to the developer.
Development Finance is set up with Draw-Down payments released at certain stages of the build. Payments and lenders fees are generally rolled up into the loan. Very similar to a Bridging Loan.
Providing you have “Approved Plans” we can help you secure the finance you need. From a one-off self-build, to full housing estate builds, we can help and advise you on how to obtain the very best interest rates in the market.
Everyone’s bridging needs are different. Call Thomas & Co to discuss your needs in more detail.