Yorkshire Development Finance

High LTV Loans for Development!

For many years the majority of lenders have primarily assessed quantum of lending by reference to GDV (Gross Development Value) . The majority of lenders allow borrowing to a maximum of 55% and in some cases even 60% of GDV, with interest added on top. It is a reflection with the increasing competitive funding market… Read more

Delivering more homes through small sites!

It has come to light with new research revealing some of the barriers to developing small sites, whilst making a set of practical recommendations on how local authorities and SME builders can indeed work together to overcome these. Current Findings: 64% of builders and 45% of local authorities see under-resourcing of planning departments as a… Read more

Extended PDR’S-Commercial to Residential Schemes!

The government have recently made it easier for developers to convert Commercial Buildings into Residential properties by extending Permitted Development Rights. This enables developers to avoid the usual planning process. This means that the costs and time required to ratify the PDR’S is far less than it would be to obtain full planning permissions. This shows that… Read more

The Inexorable Rise of Development Costs!

It is interesting to note that the construction sector slowed slightly in the first month or two of 2017, despite a buoyant housing market (agents in our locality are reporting rising prices and a shortage of stock).  So why is this?  We think that there are two factors involved; 1. Weakness of sterling.  A large part of… Read more

Housebuilding- leading sector in construction despite Brexit!

  The housebuilding sector has been the main component of growth in the UK across 2016, despite the Brexit vote where many housebuilder’s share prices fell in excess of 20%. However this did not dampen activity with both current and future pipelines, and housebuilding successfully contributed £24.6bn to a total value of contracts of £70bn… Read more

Why developers should grab opportunities now rather than wait to see longer term impacts of Brexit!

We have seen some uncertainty creeping into the property market since the “Big Vote” in June. Some smaller developers have procrastinated and delayed with acquiring new sites or starting new schemes on sites already owned, to try and guage what is happening to consumer sentiment.  But we take the opposite view.  Yes – there will… Read more

Understanding different loan costs!

  The variety of different development finance loans available in the UK is quite amazing, and it can be difficult to understand the impact of the various terms and costs applied by various lenders.  Here we try to unravel some of the options:- So first of all – interest costs.  Pretty much all lenders charge… Read more

Looking for Development Finance for a Renovation project?

  Are you looking to obtain finance for a renovation? Here at Yorkshire Development Finance we understand that such projects can add a lot of pressure and there can often be complexities in any project. Our team of highly experienced ex bank managers will advise the best solution for your needs and always aim to… Read more