Property Development |
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Whether your clients are property developers or simply looking to build on part of their garden, we can provide a mortgage that is right for them.
We aim to meet your needs for the number and timing of the stage releases but cannot lend more than 75% of the value of the property. Harpenden Building Society will lend on a wide variety of properties including new houses and flats as well as barn conversions. If it is a brand new development, a mortgage of up to 50% of the value of the land can be considered at the outset. We can also lend where the intention is to either demolish an existing house and build a new property or greatly extend the current property. Key features of this mortgage |
Minimum loan: |
£50,000 |
Maximum loan: |
£1 million |
Value of property: |
Not less than £200,000 |
Max Loan to Value: |
75% of the property value |
Current variable rate: |
7.19% * |
Overall cost for comparison: |
8.80% APR * |
Portable: |
Yes |
Ages: |
Min 18 - no maximum |
Valuation fee: |
|
Income capacity: |
Based on affordability |
Valuation fee: |
See Scale |
Property location: |
England and Wales |
Repayment methods: |
Repayment, interest-only, part & part |
Arrangement fee: |
Refer |
Administration Fee: |
£25 |
| Available for new purchase: | Yes |
| Available for remortgage: | Yes |
| Early repayment charge: | None |
| Deeds Release fee: | £50 |
| Redemption fee: | £75 |
* The actual rate payable will depend upon your client's individual circumstances, please ask for a personalised illustration. To discuss your client's requirements, either complete our on-line Enquiry form or telephone our Mortgage Department on 01582 765411. Building insurance cover is required and can be arranged by the Society. |
The Society is authorised and regulated by the
Financial Services Authority

