Resources
News and insights from the mortgage
and property market
The Word On The Street is…
We like to share our general ramblings about all things mortgages and latest news from within the business here on our blog…
Word On The Street secures Stephen Burns
Specialist mortgage brokerage Word On The Street bolsters its offering with the appointment of...
Why have interest rates gone up?
Lets explore, why have interest rates gone up? On Thursday 11th May 2023, the Bank of England...
What our clients say
Highly recommend Word On The Street ! Fantastic service from Jasmine at Word On The street. I had...
House price trends within the UK?
The latest house price data published by the Office of National Statistics, shows that house...
How will mortgage rates fall in 2023?
The consensus we have come to, supported by this article here, is that mortgage rates will...
Reasons to use a mortgage broker
This blog goes through many of the reasons to use a mortgage broker. Buying a home is one of the...
FAQs
What types of financing options are available for property development projects?
Financing options for property development projects typically include construction loans, acquisition and development loans and commercial property loans. Each with its own criteria and terms.
What is the maximum loan-to-cost ratio I can expect for my development project?
The maximum LTC ratio depends on factors such as the project’s location, type, size and lender’s attitude to risk. Typically LTC ratios range from 60% to 80% of the projects total costs.
How do lenders evaluate the feasibility and potential profitability of a development project?
Lenders assess the feasibility and profitability of a development project by reviewing factors such as the developers’ experience, market conditions, project details, projected cash flows, cost estimates and potential sales or rental income.
What documentation and information do I need to provide for a development project loan application?
Required documentation might include project plans, financial statements, construction cost estimates, market analysis, financial projections, development permits and relevant legal documents.