News and Insights
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
Word On The Street wins Bridging Finance Introducer of the Year
We are pleased to announce that Word On The Street has been awarded the title of Bridging Finance...
Word On The Street set to complete 250-mile tandem cycle challenge for charity
DONATE NOW TO SUPPORT EMPOWER YOUTH ZONES This Summer, specialist property finance broker...
HMO Valuations: Commercial vs Brick-and-mortar
HMO Valuations: Commercial vs Brick-and-mortar Houses in Multiple Occupation (HMOs) represent a...
Word On The Street and Hampshire Trust Bank close £16.8m in BTL lending for portfolio landlord
Specialist mortgage broker Word On The Street and property lender Hampshire Trust Bank (HTB) have...
Michael Street on NRG Insights podcast
Recently, Word On The Street’s Michael Street appeared on NRG Resourcing’s podcast, NRG Insights,...
Word On The Street completes £8m BTL portfolio refinance
Specialist mortgage broker Word On The Street has closed an £8m buy-to-let facility for a...
Michael Street and Stephen Burns nominated for two separate awards at upcoming Mortgage Introducer Awards
It gives us great pleasure to report that both Michael Street and Stephen Burns of Word On The...
Word On The Street becomes an NACFB member
We have some fantastic news: we are now officially a member of the National Association of...
Word On The Street and iLA form a strategic partnership
We’re happy to announce our partnership with iLA, one of the leading independent legal advisors...
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.