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Property Development

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.

House building

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:

See Scale

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.

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