“Property Development Finance Applications Holding Up,” Say Top Financial Experts

Despite harsh conditions in the UK housing market 1st UK Finance a specialist Property Development Finance provider that’s been working with property developers for over 15 years, has revealed that year on year applications for development funding have not slowed in line with falling sales and prices.

The London property market ground to a halt some time ago after successive rises in stamp duty and the controversial 2^nd homes tax introduced by George Osbourne, this then rippled out to the rest of the south-east and now the rest of the UK is also now showing signs of slowing down and in some cases falling prices.

Zara McDermott, Director of Top 10 Finance, explained: “The slowdown has obviously impacted on prices and the number of properties sold, however, we have not seen a corresponding fall in applications for finance, enquires from developers are  holding up and there is still confidence from SME developers wishing to develop small schemes of up to 20 units.”

1^st UK Finance process 3,000 applications per year mainly from developers building schemes with resales values from £300,000 up to £10m.
 

To find out more, visit  www.1-co.uk.
 
About 
Top 10 Finance has been working to provide developers with finance solutions for over 15 years, in the form of bridging loans and property development finance. The brand’s new website allows property developers to compare rates quickly to secure the best deal.

Contact Information

Anthony Brindley

Director

1st Uk Finance

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