At the close of 2017, Philip Hammond made a clear commitment to house building and development in his Autumn Budget – pledging £45billion in government support, for loans and capital funding.
You can see our analysis of the Autumn Budget here.
Development finance is thus a hot property topic for 2018, be it for new developments or for the conversion and refurbishments of residential or commercial land and property. This type of finance is usually in the form of a short-term bridging loan, although there are an increasing number of options available on the market to meet your requirements. Read more about bridging finance for land.
Funding for developments of any type is negotiated on a case by case basis, and our wide network of lenders enables us to find solutions to any problem. The Enness Development team’s expert knowledge will give you an idea of what to expect throughout the development process, and in terms of available funding.
Whether you are an experienced developer, or looking to try your hand at some light refurbishment, it is crucial that you use an expert broker to guide you. Callum Taylor, Commercial & Development Broker at Enness, answers the question ‘What is development finance?’ as well as making plain how Enness can help you to achieve your property financing ambitions.