ak12

Finance for new project?

I want to develop a site that has permission for 6 flats, if I can buy the plot cash, can I get a loan for construction?

Asked on Nov 14 2012, Home Finance in London | Report content

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  AlexaColli...

  You're presumably looking for commercial borrowing; I think it would be unlikely that you'd get 100% loan for the construction. You'd probably be better off splitting your cash and borrowing against the plot and the construction and then would have more chance of securing the finance.

  Answered on Dec 10 2012, Report content

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