RHL Specialist Property Finance

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RHL Specialist Property Finance

We provide Specialist Property Finance to developers and investors.

Our expertise includes Bridging & Development Finance, Commercial Property, Buy to Let and Residential Mortgages up to £25m.

24/03/2022

What can I build under “Permitted Development”?

There are lots of different forms of “Permitted Development”. However, the most common one is used to increase the boundary of a residential property. In England, PD rights allow larger single storey rear extensions subject to a 'Prior Approval' process of up to 8m on a detached house and up to 6m on any other house. To check whether a property is able to benefit from permitted development rights, you can check with your local council planning officer who can also confirm whether you will need “prior approval” before commencing works.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

17/03/2022

What can I build without planning permission?

There are lots of things that you can build or change under what’s called “permitted development”, meaning that you do not have to seek planning permission. There are lots of general rules for this, but the best way to check is by speaking to a local planning officer via the council website, speaking with an architect. With new homes there are often stipulations that certain works which would usually fall under “permitted development” are not allowed in the first 10 years of purchase.

Coupled with this, you may not require “planning permission” but may require what is referred to as “prior approval” of your permitted development.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

15/03/2022

How much money do you need for property development?

How much you will need to do a property development comes down to the project type and size. As a general rule, you want to have somewhere between 25-35% of the proposed overall development cost, although with mezzanine finance you can put in as little as 10-15% of the initial site purchase and obtain up to 100% of the build costs, assuming you don’t go above the lenders specified LTV’s (loan to values). If you have additional security, you may not need to put in any “cash” funds.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

10/03/2022

What is a ‘bridge to let’?

At its most simple, bridge-to-let finance refers to bridging loans that fund the initial purchase of rental properties – usually those bought at auction, requiring refurbishment or, in some cases, further works. The idea is that the property in then in a lettable condition and can be refinanced onto a normal BTL mortgage. Some lenders offers products that immediately switch from a bridge to a mortgage on completion of the works which can save money in the long run and removes any doubt that the mortgage can be obtained post-bridging. Speak to RHL today to find out how we can assist with your property purchase.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

08/03/2022

Can a neighbour object to permitted development?

Property that can be developed under permitted development does not require planning permission, meaning the public, and neighbours, typically cannot object to the development.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

03/03/2022

Property development tips

1. Investigate the market before you buy
2. Set yourself a budget
3. Consider getting a project manager
4. Find a reliable builder
5. Get planning permission (or advice on whether you need it)
6. Get competitive quotes and budget for contingencies
7. Seek advice from an experienced broker like RHL. We have access to preferential rates and the key relationships with lenders to give you the best chance of getting what you need out of a project

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

01/03/2022

How does property development finance work?

Development finance works differently to traditional mortgages. The lender will assess the value of the site or current building (with or without planning), the build cost, timescale of works, exit strategy (sale or retention as an investment on a long term mortgage) and the GDV (or end value of the site once complete).

Before deciding whether a project is viable or not for funding, you will need a rough idea of the above before terms can be provided.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

24/02/2022

Who can get a loan for property development?

Finance can be provided to individuals, limited companies, LLPs, partnerships, JV’s and more. If you've got the right exit strategy in place and the lender deems you eligible, you can get a loan for property development. The type of loan you get will depend on what you need the funds for.

You will usually need some kind of direct experience in a similar project, but this is not always the case. Some lenders will accept the fact that you have experience in a smaller project or a related industry (i.e. you are a builder, work in property finance or have a professional accreditation such as an architect or a surveyor).

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

17/02/2022

How do property developers raise finance?

The different funding options include bridging loans, development finance, joint venture funding and mezzanine finance.

Most developments will use one or a combination of these options in order to provide the funds required to carry out and complete the project.

Speak to one of our experienced advisors about guidance with your next property development project.

01273 495420
[email protected]
https://rhluk.co.uk/

14/02/2022

Happy Valentine’s Day!

Wishing everyone a day filled with love and loved ones from the team at RHL.

💘
💘
💘

03/02/2022

Frustrated with a ‘break’ in your chain?

Don’t risk losing your property sale…

Speak to one of our experienced advisors today regarding our chain-breaking solutions.

01273 495420
[email protected]
https://rhluk.co.uk/

31/01/2022

We’re proud to support local charities close to our hearts 💜

Our wonderful team member Natalie ran the Brighton Marathon smashing her £800 fundraising target for Martlets Hospice.

Martlets is a charity that cares for people living through a terminal illness in and around Brighton and Hove.

https://www.martlets.org.uk/
-hospice Natalie Chisholm

Address

Brighton And Hove

Telephone

+441273495420

Website

https://rhluk.co.uk/

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