It’s been a turbulent few months for borrowers who needed fast development finance and investors alike – firstly with the surprise outcome of the EU referendum and more recently with the results of the American presidential election. Much is still unknown about the government’s plans for Brexit, and the possibilities that will arise from new trading agreements with the rest of the world. Certainly, sterling has already dropped – impacting importers and exporters alike – but those who predicted that Britain PLC would be plunged into an immediate recession have been proved wrong, with the FTSE largely bouncing back and with house prices looking set to rise in both the short and the medium term.
Fast Development Finance
The fact is that demand for UK housing still outstrips supply, particularly as residential demographics change with greater numbers of single occupancy homes and a rise in the need for apartments and smaller, affordable new builds for young families. Higher up the property ladder, professionals are keen for quality, luxury new-builds and conversions alike, and developers are keen to capitalise on the extremely low-interest rates that still prevail.
Already there is a suggestion that a rise in interest rates may be on the cards next year, which means that many developers are keen to lock in loan rates now and forge ahead with developments to capitalise on the attractive opportunities available.
Here at Hank Zarihs, we offer developers access to fast development finance on attractive terms. Our nimble operation and flexible, business-focused model means that we can have indicative terms issued within just one hour and credit terms back within five days (subject to the borrower providing all necessary information.
We also have access to the whole of the market, including niche lenders who are not on the high street, giving you a far wider pool of potential lenders than most high street banks and other lenders could give you. Furthermore, we can arrange loans of up to 70% of GDV, 100% of cost and up to 75% on land.
Our experienced and helpful team can progress your fast development finance in rapid time and with minimal administration. We simply need to ask a handful of questions to gather the essential information needed to issue a credit decision and indicative terms. Unlike many of the big lenders, we are open for business and have access to funds that are ready to be issued.
At Hank Zarihs Associates, we are business focused financial intermediaries who specialise in investment and development funding. We work with a specialist panel of more than 60 lenders and have the knowledge required to present your project in a way that will maximise your access to finance – even if you have been previously rejected or offered poor terms.
Get in touch today to discuss your needs – we look forward to helping you access the vital development finance that you need to get your next project off the ground – fast.