• APPLICATION FORM

    DEVELOPMENT & HEAVY REFURBISHMENT
  • 1. LOAN PURPOSE

  • Describe the scheme using the format shown in the following examples:

    • Demolition of an existing house and the ground-up development of 8 semi-detached houses.

    • Conversion of office space to 10 self-contained residential flats set over the first and second floors.

    • Ground-up development of 18 flats set over 3 floors.

  • Please answer the following questions

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  • If you are purchasing the property / site as part of this transaction, please answer the following questions

  • 2. PROPERTY DETAILS

  • Describe the security property / site in its current state using the format shown in the following examples:

    • Land that has been cleared and is ready for development works to commence.

    • 5-bed detached house in a liveable condition with the surrounding land.

    • Ground floor commercial unit with three floors of office space above.

  • Please provide at least one of the following:

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  • 3. PLANNING PERMISSION / PERMITTED DEVELOPMENT

  • Please provide one or both of the following:

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  • 4. DEVELOPMENT

  • Please upload a full development cost appraisal. It must include at least the following:

    • Total purchase costs.

    • Build costs.

    • Contingency.

    • Professional costs.

    • Additional costs (e.g. S106/CIL).

    • The development appraisal must make clear which of the costs have already been spent to date.

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  • Please confirm what costs have been spent to date on the scheme below. This must include any costs spent pre or post-purchasing the site (e.g. for architect drawings, planning permission, legal costs, site clearance or build costs). 

  • 5. SCHEDULE OF ACCOMMODATION

  • Please upload a schedule of accommodation

    This is a list of all the units showing the GDV, bedroom numbers and square footage of each unit. Include unit type if the scheme has a mix of unit types.

    Here is an example of what it must include as a minimum:

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  • 6. CONTRACTORS

  • What is your procurement/contracting strategy?

    A procurement and contracting strategy is a plan for who is buying the materials needed for the construction and the type of contracts you’ll be entering into.

  • Please provide a list of professionals if already selected:

  • 7. BORROWING COMPANY DETAILS

  • Please provide the name and shareholding % of each shareholder below:

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  • 8. CONSTRUCTION

  • Please upload the development cash flow.

    A development cash flow involves predicting the monthly finances of the project to ensure that enough money is available at the right time to keep the project moving in line with the program.

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  • 9. BORROWER SOLICITOR DETAILS

  • Should be Empty: