Property Investor Hunting Licence
A new kind of funding for property professionals
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- Up to 70% Loan to Value
- Properties in a poor state of repair can be funded
- Any security considered
- Adverse credit considered
Scaled For The Real World
- Loans from £500,000 – £1,000,000
- Interest can be rolled into the loan
- Pre-agree a facility for up to 3 years
- Loans with no early repayment charges available
Designed For You
- We will consider any exit route
- Any location in the UK
- Brownfield and greenfield sites
- From single house plots to major development sites
A Property Investor Hunting Licence could help you make the most of your property skills in a challenging market
The property market is in a state of change. In the Buy to let market, many landlords are planning on selling properties to reshape their portfolio, while others are seeing opportunities to buy. With the current property market slow, there are, in fact, a growing number of opportunities for those looking to grow their portfolios with commercial, residential and investment across the UK
A Property Investor Hunting Licence is a new type of Bridging Loan designed to make property deals faster and easier. You can think of it as a line of credit for buying property.
A Property Investor Hunting Licence is a flexible and pre-agreed facility. It is secured against an existing property portfolio and means that you have a pre-agreed line of credit to borrow against when you want to act quickly to secure a new property purchase.
It gives you easy access to funds as you need them, allowing you to move fast and buy properties before refinancing to cheaper mortgage funding for the longer term.
As a Property Hunting Licence is a type of Bridging Loan secured against your existing assets, the lender is not taking security over the new property you want to buy. This means:
- You can buy properties that may otherwise be difficult to borrow against
- You can secure deals very quickly
- You can turn properties around rapidly increasing your opportunities for profit
- You can buy below market
How does it work?
A Property Hunting Licence is secured against your existing portfolio. We can arrange up to 70% of the open market value of your property holdings on a first charge basis, or 60% on a second charge basis. A standard offering would provide facilities up to £1,000,000, although we may be able to increase this level of funding if you can demonstrate sufficiently with strong security.
It lets you move fast. As the security for this sort of facility is your existing portfolio or even a single property with sufficient equity, there is not even any need to complete a valuation report on a new property. As your facility will be already agreed and ready to draw down, it is perfectly possible to complete on a purchase in under a week - although you may need to ensure that the full legal process and other checks can be completed to protect yourself.
A Property Hunting Licence allows you to purchase properties which are below value, to extend and refurbish, or even buy properties that are currently unmortgageable. This helps you to add value to your portfolio and you only pay for the money when it is drawn down. Many investors are using this method to build their portfolios fast - and avoiding the need to save up a new deposit for each new property.
REAL EXAMPLES OF WHAT WE CAN DO
Set up a hunting licence to fund a BTL investor building a portfolio in the North West
Provide a hunting licence facility for a London developer concentrating on ex-council flats
Create a facility for a builder working in the Birmingham area
Fund a developer looking to update properties on an estate close to a new rail link
What will Property Investor Hunting Licence cost?
Like all Bridging Loans, the cost of Property Investor Hunting Licence may appear high, but only charged when you draw down funds that you actually use. As funds are designed for short-term ‘hunting’ activity and to be replaced with long-term funding, such a mortgage or other loan secured on the property, you may find that the costs are actually highly competitive - especially compared with other types of short-term funding.
You will only ever be charged standing Bridging Loan rates, regardless of both the condition of the property you are looking to purchase and the works you plan on doing to it. In fact, as you will not need pay arrangement fees, using a Property Investor Hunting Licence can work out much cheaper than traditional Bridging Loans.
As a new and innovative product designed for experienced property professionals, it is important that you understand all the charges involved.
At Rangewell, our team includes experts in funding for property, and we will be happy to explain exactly how a Property Investor Hunting Licence can work for you.
To find out more about Property Investor Hunting Licence and whether it could provide the facility to help you build your wealth, simply talk to us today.
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Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.Find Funding
Helping you build your profits
Build your portfolioProfessional investors and developers can use a Property Investor Hunting Licence to build their portfolio.
Reduce costsGetting the most cost-effective lending is simple with a Property Investor Hunting Licence.
Raise funding for any propertyProperty Investor Hunting Licence funding can be used for any type of property, including unmortgageable properties.
Raise funds fastProperty Investor Hunting Licence funding can be available instantly.
No cost to arrangeThere is no charge to set up the facility until you use it.
Generate profitsProperty can generate profits in most areas across the UK.
Download Rangewell’s free and detailed guide to Bridging Loans
How does a Bridging Loan work?
Is Bridging Finance classed as short-term finance?
How can a Bridging Loan support your business?
How do Bridging Lenders calculate the rate of interest on a loan amount?
What are the real costs - how do they vary between lenders?
Are all lenders authorised and regulated by the financial conduct authority?
What can a Bridging Loan be used for?
Is it a requirement that my business' registered office is registered in England and Wales?
The downsides of Bridging Loans
Bridging Finance options explained in more detail - including open and closed bridging loans, and pay monthly, rolled-up interest and retained interest short term loan
Completion dates for Bridging Loans explained clearly
What is the difference between a Bridging Loan, a Commercial Mortgage and a Buy to let Mortgage?
What paperwork do you need?
Are there administration fees with Bridging Loans?
What options have I for interest payments on a Bridging Loan?
Is it standard to make repayments every 28 days?
Guarantees and security
Key Terms to check
Can a commercial Bridging Loan be used for both commercial property and residential property if it is to be used for business purposes?
Is business finance the same as commercial finance?
How do interest rates vary between term loans?
How does the value of the property affect how much you can borrow?
Do I need an exit strategy in place before applying for Bridging Finance?
Does my company have to be limited, registered in England and have a Companies House registration number to be eligible for business finance?
You need to know how you will repayIt is essential to have a clear exit strategy to ensure the loan can be repaid to avoid paying high penalty interest rates.
Some Bridging Finance may require a regulated lenderIt is not always essential to use an FCA registered lender. Many reputable Bridging Lenders are members of the Association of Short Term Lenders, a self-regulating body which operates a strict code of conduct. Getting an expert view of which lender to use is essential.
Your property may be at riskYou should remember that a Bridging Loan works like a mortgage and property may be at risk if the loan repayments are not kept up to date.
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