Development Finance for Barn Conversion Project
Developers acquired a small barn site in Pottersbury, securing planning permission to build two one-bedroom, semi-detached homes. The site, formerly used as office accommodation, was acquired for £132,500 and with a build cost of £98,5000, the GDV was estimated to be in the region of £400,000. Development Finance was needed to carry out the actual build […]
Express Guide to Property Development Finance with BFS
Property Development Finance deals can be challenging and complex in terms of planning and infrastructure. There are multiple elements/parties to consider when planning a development finance scheme – by being aware of all of the necessary components beforehand, and with the right professional support, your deal has a strong chance of success! Initial enquiry When […]
Small Businesses and SME’s Embracing Bridging Finance
The heady combination of the credit crunch and recession has undoubtedly redefined the ways that banks conduct their lending, typically focusing on larger sums and blue-chip clients and often neglecting the needs of SME’s and small businesses. This leaves a huge percentage of the marketplace looking for alternative and sound lending, a key factor cited […]
Review of Northern Bridging Finance Market Q1 2019
Over the last quarter, there has undoubtedly been an increase in property developers electing to retain properties at the end of a refurbishment project rather than selling on. This may be a sign that additional costs such as the 3% stamp duty surcharge are a turn off for investors. As such, investors are choosing to re-finance […]
BFS Development Finance Day Hailed A Major Success
A unique Development Finance Day, hosted by Bridging Finance Solutions and the NACFB, which attracted over 120 industry professionals, has been hailed a major success. Developers, builders, brokers, accountants, solicitors and fellow professionals joined the BFS and NACFB teams for the education day at Ashton-in-Makerfield Golf Club which took delegates through the development finance journey. […]
BFS’ Development Finance to Give Hereford ‘Heritage Asset’ New Lease of Life
Two adjoining cottages, considered to be a ‘heritage asset’ by the local council, are to be given a new lease of life following a development finance deal agreed by Bridging Finance Solutions. Plans to extend and refurbish the Hereford cottages which are set in an exceptional rural location of eight acres, creating a single stunning […]
Meet The Women Changing The Face of Bridging Finance
The longstanding partnership between Bridging Finance Solutions and Bermans has seen the two professional services firms successfully complete numerous property deals for countless clients throughout the North West. From left to right: Rachel Davies, Melaine Morris and Jeanette Gwatkin Melanie Morris (Property Solicitor) leads the legal team at Bermans, liaising with Jeanette Gwatkin (Operations and […]
Development finance to convert single property into 8 self-contained units
A private developer, whose latest project involved the conversion of a large mid terraced self-owned property into eight self-contained units, required additional funding to complete the project mid-construction. Client: Private developer Project: Conversion of single property into eight self-contained units The property in Sutton, Surrey has been under the ownership of the client for some […]
BFS Sky High with Property TV
Bridging Finance Solutions has announced a partnership agreement with the producers of ‘Property Elevator’, a new Dragons’ Den-style programme, to be aired on Sky’s Property TV in April 2019. BFS are the sole sponsors of the new programme and will provide property development finance to the would-be developers who have survived and thrived in front […]
Review of Northern Bridging Finance Market Q4 2018
The industry continues to show sustained growth with numbers of transactions and overall deal sizes slightly up compared to the same period last year. Quarter 4 typically sees a number of ‘urgent’ cases where completion is required before year end. This can prove problematic when trying to arrange valuations and liaise with lawyers. Our experience […]
