Opportunities in the UK Property market as a Property Developer

Savvy property developer and self-employed people know that a property purchase (either for rental or development and resale) represents a relatively secure and potentially profitable investment and should form an integral part of your financial and future planning.

It is likely that you enjoy a higher income than most – an attribute that can be put to good effect to raise more capital than was possible when you were working on a purely salaried basis.  Some prudent planning both in terms of the property you desire and the mortgage product you select should allow you to jump several rungs on the property ladder; even opening up the prospect of buying a subsequent leverage properties or rental properties – forming a core of your financial planning for the future.

When the sun shines and your portfolio is doing well you can also look to repay a substantial part of your loan back each year thus avoiding thousands of pounds of interest liabilities that would normally accrue over a 25+ year mortgage.  Early repayment affords you flexibility in rolling over your properties and trading-up.

Potential Pitfalls  

We have noticed a trend in our dealings with the property development and investment community; many deveopers find trying to secure a good sized mortgage a frustrating and time consuming experience.  High street banks and building societies tend to base their maximum lending on your salary – there’s the first pitfall for many sell-then-buy-the-next-property oriented developers!  Some investor reimbursement strategies are based on a low salary and high dividends – perfect for qualifying for a measly house loan!  The cyclical nature of property development that you know is a feature of your business will send the high street guys running – after all you may not get to realise the same profit on your next property that you are enjoying right now; their wariness comes from a fundamental misunderstanding of what you do and the service you provide…. And the irony, you may be a considerably better risk than most!  … And here is the hidden gotcha – even after you have perused multiple lenders and you have finally found one that will work with you – they stump up an offer with high interest rates and inflexible terms… ouch.

Call in a Specialist!

We can arrange a mortgage for property developers, even those with less that two years accounts & low profits. Many high street banks and building societies require three years audited accounts for either the self employed or property developers. Home investment loans can be difficult to arrange, apply online today for a quick and easy assessment. 

Do not despair, Property Developer Mortgages is here to help.  We regularly work with lenders who do understand you, with good deals, sympathetic lending criteria and flexibility of payments.  You can borrow up to 3.5x your annualised income and need only have been trading for between 3-6 months. It is possible to take out a mortgage with a small deposit although the better deals are likely to be on offer to those who have 20-30% of the purchase price to put down.

Why use Property Developer Mortgages to find your mortgage?

By choosing Property Developer Mortgages you will immediately have access to our many years experience of arranging mortgages for property developers and investors. Our constantly updated computerised systems, enable us to keep a close watch on the latest deals available. This technology and our considerable expertise means that we are able to conduct a rapid and extensive search on your behalf - pin-pointing the mortgage most suited to your unique needs and the needs of the property investment community in the UK. We have been trading in the Mortgage Brokering business since 1995 and currently help our customers borrow £80 - £100 million pounds of mortgages each year.

Free, no obligation quotation

We offer you a free, no obligation quotation service. Discover the best deals available for you now! Simply complete the brief questionnaire and you can have a decision, in principle, often within 24 hours.

We talk to hundreds of mortgage lenders and know where we can get you the best mortgage; we also talk to hundreds of property developer and are well aware of the traps, pitfalls, qualities and attributes of your community.

If you have been having problems arranging a mortgage, perhaps you are self-employed without a full set of accounts, or need a company that recognises that your past financial problems are behind you, or maybe your income is variable - we know who to talk to about your unique needs.

Better deals

You may need to look at a non-status (also known as a self-certified) mortgage. There is often a higher deposit required and a higher interest rate - but we have access to the best deals so this may not be significantly different to most standard mortgages. And when your situation changes, we can look at re-mortgaging to find you an even better deal to meet your unique needs. 

An independent service

We are Independent Mortgage Advisers. This means we can offer truly impartial advice. We survey the mortgage market on your behalf. We are not tied to any particular mortgage lender. Our only concern is that you, our client, obtain the best deal available for your unique needs.

We will save you time

With today’s hectic schedules, very few people have the time to wade through all the different mortgage options available. Time that would be better spent  developing your property and searching for your next targets! Let us guide you through the mortgage maze and help you to make the correct choice, right now!

The right choice

Say goodbye to those nagging doubts. When we help you find a mortgage, you will know it’s the right choice. Even if a better deal appears on the market at the last minute, we will keep you informed and you can choose to change to that mortgage if you wish.

Not a Property Developer or just starting out?

If you are not a property investor but have a similar financial profile... get in touch we can almost certainly help you get that property!

Apply Now!