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A key use of bridging finance for property developers and investors is to acquire land quickly both pre and post planning. Many use it to utilise an option to buy land they have obtained planning permission on, and others wish to acquire land without planning in order to add maximum value.
Our dedicated team offers a comprehensive suite of land bridging solutions, leveraging our up-to-date industry knowledge and extensive network to connect you with investors, stakeholders, developers, and landowners. Whether you’re facing land refinancing or purchasing challenges, our expert advice and tailored solutions will help streamline your transactions and pave the way for your success.
A land bridging loan is a short-term financing option designed to facilitate the quick refinance or purchase of land. It provides immediate access to funds, making it ideal for situations where time is of the essence or pending planning permissions need to be obtained. For instance, if you’re acquiring land for future development, a bridging loan can bridge the gap until you secure development finance for construction.
Traditional financing methods like bank loans may involve lengthy approval processes and stringent eligibility criteria. Land bridging offers faster approval and flexibility regarding collateral and credit history requirements.
The land bridging process is typically faster than traditional financing methods and can be completed within a few weeks, depending on factors such as due diligence, documentation, and property appraisal.
Delays in the project may affect the repayment schedule of the land bridging loan. It’s essential to discuss potential delays with the lender and establish a contingency plan to avoid defaulting on the loan.
Yes, there may be upfront fees such as application fees, valuation fees, and legal fees associated with land bridging loans. These fees vary depending on the lender and loan terms.
Some lenders may be willing to finance land with planning permission issues, depending on the level of risk involved and the borrower’s ability to mitigate potential challenges.
The loan-to-value ratio determines the maximum amount of financing relative to the appraised value of the land or property. LTV ratios for land bridging loans typically range from 50% to 70%, depending on various factors such as the lender's risk appetite and the project’s feasibility.
If the borrower fails to repay the loan on time, the lender may take legal action to recover the outstanding debt, which could include seizing collateral or initiating foreclosure proceedings.
Yes, land bridging can be used to finance both residential and commercial projects, including land acquisition, property development, renovation, and refurbishment.
Clients opt for land bridging loans for various purposes, including:
There are two primary avenues for accessing bridging finance for land:
1. Through Lenders: While only a few lenders accept land as security, those active in this niche market may offer independent lending services.
2. Through a Broker: Engaging a broker specialising in land bridging loans can streamline the application process and ensure you find the best lender for your needs. With their expertise and industry knowledge, brokers simplify the complexities associated with land financing, saving you time and costs.
Land bridging is a strategic financial tool for investors looking to acquire land swiftly and efficiently. At Tapton Capital, we understand the intricate process involved in land acquisition and offer bespoke bridging finance solutions to facilitate this journey.
Our journey begins with a comprehensive assessment of your land acquisition project. We take the time to understand your specific requirements, project timeline, and financial objectives.
Leveraging our expertise and network of lenders, we craft tailored bridging finance solutions to meet your unique needs. Whether you require funds for land purchase, development, or both, we have you covered.
With Tapton Capital, you can expect a streamlined approval process. We work diligently to expedite your application, ensuring swift access to the funds you need for your land acquisition project.
We understand that each land acquisition project has its own challenges and opportunities. We offer flexible repayment options tailored to your project timeline and cash flow requirements.
Our commitment to your success doesn’t end with funding approval. Throughout the land acquisition process, our team remains by your side, providing guidance, support, and proactive communication every step of the way.
With Tapton Capital’s land bridging finance solutions, you can confidently navigate the land acquisition path. From initial assessment to successful completion, we’re here to help you achieve your goals and unlock the potential of your land investment.
Land investment can be lucrative, but it often requires significant capital and resources. At Tapton Capital, we offer land bridging finance solutions designed to empower investors and developers to seize opportunities and unlock the potential of land investments.