Property Development Glossary
Welcome to the Property Development glossary… A Agreement in Principle: Prior to finding a property to purchase, a purchaser can ‘pre-qualify’ their borrowing ability prior to a full mortgage application. Vendors will view any purchasers who have an agreement in principle as being in a stronger position to move quickly. Acquisition Costs: Incidental costs […]
Property Refurbishment Finance
Property refurbishment finance is a type of short-term loan designed for property professionals (investors, developers and landlords) who are looking to refurbish a property and increase its value before selling it on or renting it out. This type of finance is usually used to improve or upgrade residential properties, but we will also consider commercial […]
Property Conversion Finance
BFS provides fast and flexible property conversion finance where the goal is to improve or upgrade an existing property in order to increase its value – and your returns. Whether you’re converting an office building to an HMO or a rural barn into a liveable space, or an ex pub into apartments we can make […]
Self Build Mortgages
Building your own home is not for the faint-hearted. Having a specialist and experienced lender on your team is invaluable. Self-build finance options: If you are planning to embark on a self-build project, there are usually two routes you can take. The first option is the DIY route where you do most of the work yourself. […]
Residential Development Finance
Residential development finance is a bespoke funding solution available to property professionals who are looking to build: A single house A cluster of up to 10 houses Permitted development rights schemes Ground up developments (includes the purchase of the land and funds for construction) As a principal lender, we have the means to make your […]
