This is because we have specialist expertise in property values in this area. Contact Hunter Finance today.
In short, the amount you could borrow in total is up to 55% of the proven Gross Development Value of the Finished Development.
We will use our qualified surveyors to conduct a Development Viability Report, which will give us an accurate value of the land/property and the GDV which we will base our lending on. View our process.
The application process includes a development viability report completed by an independent surveyor. See our lending criteria.
The report is used to ascertain the value of the land and also the Gross Development Value or GDV when built upon.
The GDV is an estimation of how much the property or properties will be worth upon completion using an estimate of current UK housing prices. Click here for housing prices news.
We also take into consideration the cost of the build plus other costs such as architects, solicitors and project managers.
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If we can help we will say so, if we can’t we will be able to point you in the right direction or suggest alternative financial vehicles.