Bridging loans and fund planning appliactions

Bridging loans to fund planning applications

It is reasonable to accept that no potential site, or plot of land for building development, is the same as another. Property found suitable to buy either at auction or local estate agents, may be at various stages of planning. Successful outcomes and increases in value by planning gain can involve fees running into tens of thousands of pounds, delays of countless months, and appeals to the Planning Inspectorate. SCI has extensive experience of the formal procedures and systems encountered under planning applications and the patience and financial backing required.

Site acquisition

The property may have clear potential to the client, or existing outline consent and possibly detailed planning approval. In each case we can assist the aspiring developer or entrepreneur with finance to purchase the land. The valuation report will include vital opinion for the buyer as to the viability of the project.

Design, Planning and Permissions

Subject to acceptable security cover, SCI will also support the professional costs for the full scheme involving planning consultants, architects, contractors’ estimates and  attendant professional fees.

Construction and Exit Strategy

At this advanced stage also, your team at SCI has the expertise required to review the whole profile of what has been achieved prior to construction and discuss the funding needed and your exit route. You may decide to take a planning-gain profit by a sale of the project, or decide to undertake the whole development where a safe, clear profit margin is evident. In this sector of construction and development financing, SCI has long experience extending to N Ireland, Scotland, Wales and England.