As specialists in recognising
the potential of development sites, we are often
able to structure short-term loans to finance
acquisitions pending a change in planning permission.
Up to 100% funding considered
Example of planning gain finance:-
A client is able to purchase vacant commercial
premises and following completion, wishes to
submit a planning application for the demolition
of the existing building and construction of
residential accommodation on the site.
| |
 Purchase
price |
£300,000 |
| |
Existing
use value |
£280,000 |
| |
Value
with planning permission for residential
accommodation |
£450,000 |
|
The client has £50,000 to contribute towards
the scheme.
The client's bank is unable to provide funding as
the property is not producing any rental income.
Solution
- We arranges finance to back the client with a short-term
loan of £250,000 until planning permission is
agreed.
Call
us on 0845 130 0009 for more information
or click onto 'Call me back' above
|
Great British Finance
Limited are authorised and regulated by the
Financial Services Authority (FSA). The FSA
does not regulate some forms of Mortgage, Inheritance
Tax Planning, Credit Cards, Personal Loans,
Deposit Accounts & Insurance. If you are
submitting an online request, we would advise
to read our KeyFacts statement, links are at
the top and bottom of this page. |
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