land bridging loan
Altun Finance Limited: Land Bridging Loans for Flexible Land Financing
Land Bridging Loans: Your Path to Land Acquisition and Development Success with Altun Finance Limited
Land Bridging Loan If you are looking for a bridging loan for land purchase or land financing, Altun Finance Limited has a range of flexible options available to meet your needs. Whether you require bridging finance for land development or simply need a loan to buy land, we have the expertise and resources to assist you.
What is a Land Bridging Loan?
A Land Bridging Loan is a short-term loan secured against a piece of land, whether it is for agricultural, storage, equestrian, or development purposes. Altun Finance Limited understands that every piece of land has value and potential, and our land bridging loans are designed to help property investors, speculators, and developers make the most of their land assets.
How to Use Bridging Finance for Land
Our land bridging loans can be used for various purposes, including purchasing land at auctions, refinancing existing loans, or releasing equity. We work closely with our clients to understand their specific requirements and provide tailored solutions for their land financing needs.
For example, we recently assisted a client in purchasing 8 acres of agricultural land from a farmer. The land bridging loan allowed our client to complete the transaction quickly, as the farmer required immediate funds. Our client plans to apply for planning permission for residential development and will repay the loan from the proceeds of other assets.
Key Features of Bridging Loans for Land
When you choose Altun Finance Limited for your land bridging finance, you can expect the following key features:
- Loan-to-Value (LTV) of up to 70%
- Competitive rates from major lenders
- Flexible loan terms of up to 36 months
- No maximum loan size, with minimum loan size starting at £50,000
- Nationwide coverage across England, Wales, Scotland, and Northern Ireland
Lending Criteria for Land Bridging Finance
To qualify for our land bridging loans, the following criteria apply:
- A First Charge is required on the land
- Second-charge loans are considered in certain circumstances
- Planning consent for development is not mandatory, but it may affect the available Loan-to-Value (LTV)
- Lending is based on the Open Market Value (OMV) of the land
- No Personal Guarantees (PGs) required
- A valuation of the land will be necessary
- A viable Exit Strategy must be identified
Information Required for a Land Loan
To progress your land loan application, we will need the following information:
- Full address of the land and title number(s)
- Description of the land, including current use
- Any existing or historical Valuation Report, Sales, or other relevant documents
- Borrowers' details, including Company Name and Number if applicable
- CVs or Biography, highlighting relevant experience
- Details of any existing planning permission
- Proposed exit strategy
Explore Land Financing Possibilities with Altun Finance Limited’s Bridging Loans
At Altun Finance Limited, we are dedicated to providing flexible land bridging loans and exceptional client service. Contact us today to discuss your land financing needs and discover how our bridging finance solutions can help you make the most of your land assets.