Bridging Finance for Land2018-10-28T04:43:26+00:00

Bridging Finance for Land.

Bridging finance for land can be secured on land with or without planning permission. Bridging loans can be secured in as little as 48 hours and for a term of up to 24 months.

Bridging finance for land with planning.

As an independent broker we work with the whole of the market. Funding land with planning permission for a development is straight forward. The terms for land with planning permission will be considerably better as there is less risk to the lender.

Bridging Finance for land without planning.

There are less lenders in the marketplace willing to lend on land without planning. The reason is that land without planning represents more risk to the lender and the developer as there are no guarantees that planning permission will be granted.

When securing land without planning a lender may insist on a secondary security such as another development site or property.

Lenders will be looking for the developer to have plenty of experience at securing land and obtaining planning permission. An indication from the council as to the likelihood of planning will usually be sought.

The main considerations for the lender in both scenarios will be:

  • Loan to Value – Limits will apply on day one, during the build and at the end of the project. Typically, we can secure 90% of total costs including purchase price, build costs and professional fees
  • The Exit – How will you repay the bridging loan. Sale or refinance are the usual options.
  • The Team – You will need a good team of property professionals working with you including an architect, reputable builder and an experienced solicitor.

To discuss bridging finance for land with or without planning please contact the commercial team at Fox Davidson.

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I would not hesitate to recommend Fox Davidson to family and friends. I am a first time buyer and therefore the house buying process was a little daunting to start with but I was kept fully up to date throughout the whole process to the point where I would receive an update email at least twice a week.

I was also extremely pleased to find that as well as assisting with the mortgage I was also being provided assistance with home and life insurance. The service I have been provided is definitely good value for money and I am very grateful to everyone at Fox Davidson who has helped me.

Miss R Power , Bristol

Having been let down by another mortgage broker (who seemed to only want to assist with a mortgage if we took other products too) I stumbled across Fox Davidson. As I am based half in London and half in Bristol, they seemed the perfect fit. Having connected with them and receiving prompt, relevant and helpful advice at the outset of our property search, I had no hesitation in coming back for the mortgage itself.

The mortgage application process was rendered painless and they bent over backwards to help with the sale. They also were extremely helpful and supportive when our first purchase collapsed, also managing to make mortgage application #2 equally as smooth. Thank you so much!

K Gibson, London

After using Fox Davidson for my first buy to let purchase I didn’t hesitate to get in touch again when the time came to buy a second property. Being an expat living and working in Thailand I had found through my own research that the options available to me would be limited, however I needn’t have worried. Fox Davidson found me a mortgage that suited my circumstances  perfectly. They have helped to make what could have been a complicated process very simple and stress free.

Great people, Great knowledge, Great service.
Thank you Fox Davidson.

Mr Christopher Hoare , Thailand

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