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Property Development Stalled After Funds Ran Dry

Background:  A client in the property development industry had purchased a property at an auction for £252,000 with the intention of splitting it into multiple units and selling them for a profit. However, due to a series of unforeseen circumstances, including a dispute with subcontractors who had been paid twice for their work, our client […]

Loan Amount

£200,000

Loan Term

12 Months

LTV

29%

Property News in UK

The Propp news reel is your one-stop-shop for property news in the UK. Covering areas of specialist lending such as bridging finance, commercial mortgages and development finance.

Whether you’re a seasoned investor, novice landlord or avid auction buyer you’re in the right place to stay on top of all you need to know about property.

 

Latest Landlord News

We’ll be updating this section with the UK’s latest landlord news, tips for managing tenants and maintaining a profitable portfolio whether you’re a first-time landlord or have a portfolio of HMOs.

Buy-to-let investors and landlords can check in for regulatory updates and information on investment opportunities up and down the country.

Keeping up to date with buy to let latest news is key to success as a landlord.

Tenants and landlords alike can check in for lettings news to compare rental price trends up and down the country.

 

Bridging Finance News

You’ll be kept up to date on the latest and greatest across the world of bridging finance, from stand out products to lenders that are making a splash.

Short term finance is a useful tool in any investors toolkit, be it to support purchases at auction or to fund the purchase and renovation of unmortgageable properties to make them marketable. The industry can be a whirlwind so stay up to date with the best rates on the market by tuning into our bridging loan news reel.

 

Property Development News

Check in here for regulatory updates and keep track of changes to permitted development rights in the UK.

A team of property experts will bring the latest property news, market reports and an industry overview as and when the news breaks.

 

Commercial Property News

We hope to be reporting soon the return of lenders to the commercial playground after a mass slowdown since early 2020 caused lending to drop off a cliff.

Follow here to be the first to hear as lenders and banks begin to increase their appetite for owner-occupied loans and lending in areas such as hospitality.

B&C Awards 2022
Commercial Broker Awards 2022
The British Specialist Lending Award 2022
Commercial Broker Awards 2022
Mortgage Strategy Award 2022
B&C Awards 2023
B&C Awards 2024
B&C Awards 2024

* bespoke quotes supplied the next working day following provision of all required lender information being supplied and validation by Propp case manager

† saving based on annualised interest rate saving where deal optimiser service negotiated a lower rate than lender’s published rate, based on current average saving of 0.9% and average loan £1051785. Time saving based on automated versus manual bespoke rate requests.

The solutions above refer to unregulated products only. Should you require a regulated loan please contact us. As a mortgage is secured against your property it could be repossessed if you do not keep up the mortgage repayments. Commercial mortgages and some forms of bridging, development and buy to let finance are not regulated by the financial conduct authority.