Whether you’re diversifying or repurposing existing farm buildings or wanting to build something new, the good news is that we have funds available!
Property Hunter Finance
Clinching that special property deal, whether at auction or sale, can be made easier with Property Hunter Finance.
Property Hunter Finance is a facility that’s available within 2 working days to secure that deal.
The facility ensures that you’re able to hunt, locate and complete on property deals, whilst others are still looking at raising finance.
No charge is taken against the property being purchased as a 1st charge is secured on an unincumbered (without mortgage) property.
The Property Hunter Facility enables you to draw down and repay loans within agreed terms and when it suits.
Available funds are only charged when being used and there are no non-utilisation fees, making the facility really competitive and very quick!
Property Hunter Finance is available for 12 months, with the value of the facility determined on the open market value (OMV) of the secured property. The facility can be extended for a further 12 months without the need for a further valuation.
Property Hunter Key Features
- Facility set and secured against existing unencumbered Residential (Non-Regulated) – facility up to 70% of OMV
- Semi-commercial – facility up to 60% of OMV
- Commercial – facility up to 50% OMV
- Facility limits from £100,000 to £1,500,000
- Rates from 0.89% per month plus a 2% fee (only charged when funds in use)
- Drawdowns from £25,000 to £1,000,000
- 12 month facility
- No exit fees
- No admin fees
- No non utilisation fees
- Rapid drawdowns within 48 hours
Some benefits of using us
Property valuations, insurances, legal support and much more are available through our Business Support Services.
We will fully package and submit your property marketing finance proposal to ensure the most competitive rates and terms and ensure that your funding application is processed quickly and efficiently in order that funds are available in the shortest possible time.
We offer our clients a true ‘one stop shop’ facility, our core competence is to provide you a fully managed and professional service that secures the most competitive funding offer available from the entire market.
Whatever your property development finance requirements, we offer a free, impartial and totally confidential initial consultation and will quickly assess your funding options.