Buying Land
Finance for your next project
Buying a plot for a home, investment or development? We’ll discuss your plans and explain which funding routes may suit the purchase.
The right approach depends on the land, its planning status, your budget and what you intend to build. A standard residential mortgage may not be suitable for a bare plot.
Bring the sale details, any planning documents and an outline of your project costs. Our Peterborough team can review the borrowing options and help you understand the next steps before you commit.
For a home you plan to build yourself, ask us about self-build mortgages. For a commercial or development project, we can discuss an appropriate specialist finance route.
A workable budget starts with the whole project. Allow for the plot, professional fees, planning, construction, utilities, insurance and a contingency for delays or unexpected costs.
Ask a solicitor and the relevant specialists to check title, access, services, planning conditions and restrictions. Planning permission and lender approval are separate matters; neither should be assumed.
We’ll explain the proposed funding, security, interest, fees and repayment requirements. If funds are released in stages, your cash flow must cover the gap between paying contractors and receiving each release.
Discuss the funding before you make an offer or pay a non-refundable deposit. We’ll review the plot, your finances and the proposed repayment or exit plan, then explain any suitable options and their risks.
Property values and building costs can change. Do not rely on an increase in value or assume further borrowing will be available later. A realistic budget and contingency are essential.
Contact our Peterborough team to talk through your plans. All lending is subject to lender criteria and approval. Property used as security may be repossessed if you do not keep up repayments.
Why us?
At More Financial, we are committed to providing exceptional customer service. We understand that the mortgage process can be daunting, and our team is here to support and guide our clients through every step of the process. We pride ourselves on our transparency, honesty, and integrity.
At More Financial, we are more than just a mortgage broking firm. We are professionals who are dedicated to making a difference in our clients’ lives. We believe that everyone deserves the chance to achieve their financial goals, and we are here to help make that a reality.
If you are looking for a mortgage broker who will do more for you, look no further than More Financial. Contact us today for your free consultation to learn more about how we can help you achieve your financial dreams.
Your Home may be Repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Not all forms of Property Development Finance are regulated by the Financial Conduct Authority
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