New Homes are commonly referred to as ‘new build’ and securing a mortgage against one is often more difficult than for older properties. As new property is often unfinished timing is difficult to manage and as the property has yet to establish its value on the open market, lenders prefer to be conservative. Read more
Securing the right financing on the right terms is very often the difference between success and failure for a development project. No developer wants to worry about access to funds when unexpected costs arise. The specialist development finance team at Knight Frank Finance source financing for residential, commercial and mixed use developments. We have detailed knowledge of this market and extensive contacts within it. We’re able to source products that are tailor-made for the needs of each project.
Once complete, we can also introduce you to other professionals to help sell or let your new development, or offer our services to potential purchasers to help you more quickly realise your profit. Read more
Self-build mortgages differ to regular mortgages as funds are released in stages as construction milestones are achieved. It is one of the riskiest types of mortgages for lenders so they will want to see detailed plans and will visit the construction often. All of this typically carries higher costs so it is vital to make the right decisions and our advisers can help.
Our network of high street, boutique and private lenders, coupled with access to other professionals across the Knight Frank group allows us to offer unparalleled support so you can focus on what’s important – building your dream home. Read more
The dawning of 2020 gives us a chance to reflect on what the past decade has brought and what might be in store for the years ahead.
In an excerpt from Country View, we discover The Manor House, set deep in the heart of Thomas Hardy country, representing a wonderful chance to move to rural Dorset.
Our Later Life Finance expert David Forsdyke explains some of the key differences between two mortgage products used by older home owners; Lifetime Mortgages and the Retirement Interest-Only (RIO) Mortgage, which on the surface can appear similar.