How To Get 100 Percent Property Development Finance

By Sean Horton

When it comes to getting 100 percent property development finance it can be difficult. However by going with a specialist and allowing them to search on your behalf you stand a much better chance of getting the full amount. There are three basic ways by which you can increase you chances of getting the full amount when it comes to getting finance. These are purchasing the property under verified market value, putting forward additional security and gross development lending.

A broker will be able to give you excellent advice when it comes to all three and tell you how to increase your chances with a lender. A lender will usually work better with a broker than they would with an individual so this is one asset you will have by choosing to use one. While you will have to payout for the fees a broker charges you will still be able to save money because a broker can have access to lenders that you do not. They will be able to search with the whole of the market place to find a lender that is known to provide 100 percent property development finance.

Usually 100% finance will only be offered to those most experienced in property development. With experience comes knowledge and this will lead the developer to being able to see the potential in a property and realise it is a bargain. Of course this is only a part of it and the individual has to find a lender willing to take the risk. However they are more likely do so with the individual’s excellent track record to back them up.

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If you are able to put up additional security against the loan then you are more likely to be approved for 100 percent property development finance. Of course those developers who are experienced will know this but it can sometimes be overlooked by those with very little. Putting up an additional property against the loan can go a long way to securing the loan 100%.

During the planning and building phase of the project in question an experienced property developer can see potential that those lacking experience can see. If you can forecast the value of the project after the building phase then a lender is more likely to offer 100%. This is especially so if a professional valuer takes a look at the project and can back you up.

All of the above can go a long way to you securing 100 percent property development finance. Using a broker will also put you in good stead as opposed to going it alone. Lenders are more likely to work quickly with the broker than they are with the individual as the project will have been looked over and recommendations made. The biggest plus of going with the broker is they have the experience and know where to look and which lenders usually offer 100%. You can also take the advice of the broker when it comes to getting the cheapest interest rates. Rates will be based on the individuals experience and the proposition put to them. They will usually range between 1.5% and 2.5% above the Bank of England Base Rate.

About the Author: Sean Horton is a Director of Enhanced Wealth, a whole of market mortgage broker and IFA specialising in mortgage advice and the associated areas of income protection, mortgage protection, mortgage life cover and Property development finance .

Source: isnare.com

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Secret Closed Door Restaurant: Casa Felix In Buenos Aires

By Robert Murgatroyd

I heard about a secret closed door restaurant in Buenos Aires from a few of my ‘in the know peeps’. I had never heard of this concept – but, I knew I wanted in. Having a Jet Set Life to me is all about different, new and exciting things to do. Kim and I had our Buenos Aires contact, Fiorella, get us into Casa Felix on a Saturday night (which was a little like juggling flames). We really had no clue what to expect. All we knew was that the ‘restaurant’ was the house of professional Chef Diego Felix.

We jumped into a cab and headed to the comfy residential neighborhood of Chacarita (which is near Palermo). We pulled up to a beautiful building from the 1920’s, rang the bell and chef Diego Felix warmly greeted us. From the moment you step foot in his house you can feel the intense and creative vibe. Diego was kind enough to grant us special access to interview him about an hour before his guests arrived (see video below).

Then it was show time. 12 guests, who don’t know each other, ring the door bell and enter the world of Diego Felix. He greets them one by one and welcomes them back to his kitchen for an amazing cocktail (wish I could tell you what it was – all I know was that it was made of herbs from his garden and bordered on a lemoncello kind of taste – it was a triumph!).

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Over cocktails, and in a rock star kind of way, he was fielding questions about who he is and what he does. Simultaneously, the rest of us were getting to know each other. Usually, the dining experience is held in his private open air courtyard by candlelight. However, because it was raining, we were then directed to what could probably be called his living room- turned dining room- to begin our culinary experience.

When seated we find a beautiful handwritten menu made of parchment at everyone’s place setting describing the five course menu. With a hat tip to the slow food movement the experience began. Diego personally brought out each course and explained why it was selected and gave us a brief description of its indigenous South American ingredients, which he scours the continent to find.

As I’m not a foodie – I won’t go into the description of each of the five courses. I’ll leave the details of that to Food and Wine magazine, which they have done brilliantly here. I’ll simply say the food was incredible! We met some really great people that night. We even wound up partying with a few of them, including Chef Felix, at a VIP table at Jet night club (which our contact Fiorella also arranged for us).

If you make it to Buenos Aires, and you should, make a stop at the (not so secret anymore) hidden restaurant of Casa Felix. I promise you’ll love it.

About the Author: Robert Murgatroyd is the co-owner of Jet Set Life jetsetlife.tv/home.htm where he reports on where the Jet Set stay, eat and play around the world. For more reviews, photos and videos check out his blog jetsetlife.tv/robsblog/

Source: isnare.com

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