Property Development |
Whether you are a property developer or simply looking to build on part of your 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 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, barn conversions; also 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 |
garden, we can provide a mortgage that is right for you.| 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 individual circumstances, please ask for a personalised illustration. This mortgage will not be regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation. To discuss your 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. Your home may be repossessed if you do not keep up repayments on your mortgage |
The Society is authorised and regulated by the
Financial Services Authority