02920 766 565
Pure Commercial » Land Finance
We understand that finding funding to acquire or refinance a development site or land is difficult at the best of times and can be a time consuming exercise as there are far less funders in the market for this type of finance. What is equally as important as finding the funding in the first place is ensuring that the facility is the right one for you and marries up with your requirements and plans. At Pure Commercial Finance we believe that building a tailored funding proposition around your needs and requirements is the key to achieving the right end result for you.
With the right funding in place we believe this gives you the best possible start with your site. We specialise in building tailored funding propositions for our clients and successfully placing the deal with the relevant funders in the market. With a diverse panel of currently active funds in the land & site finance space coupled with over 60 years of specialist experience we have all the tools at our disposal to get the right proposal for you.
Our funding criteria & ability
At Pure Commercial Finance we know that you want to get the best possible finance solutions with no added hassle that’s why we work with many lenders across the UK to help you get the financing you need to purchase or refinance land for whatever reason you want it for.
The type of deal you can enjoy will differ between banks, depending on a number of factors, of which some key points to take into consideration:
Planning consent is not required (once it has planning we can assist on refinancing with any planning gain considered)
1st charge, 2nd charge, equity or joint ventures
Funding from £100,000 with no maximum limit and available in less than a week from enquiry
Typically, 75% of open market value
We can do 100% of purchase price if it is a purchase at undervalue, the loan then must not exceed 70% of the open market value of the loan / site
Terms from 1 month to 5 years
If you are looking to develop the site, we can assist with the onward development finance
Rates from 0.59% PCM to 2% PCM depending on LTV and circumstances
Interest rolled up, retained or serviced monthly
Adverse credit accepted (non status)
Funding for brownfield sites, greenbelt land, industrial sites of all nature, residential & commercial of all nature
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Or call us on 029 2076 6565 between 9am and 5pm, Monday to Friday