Prior to 2008 sums were often available to property developers up to 100% of the total cost of their projects, however during the last few years, as banks have become far more cautious in their lending policies, there has become available a thriving and expanding secondary market, consisting of many privately owned finance companies to fill this very important gap for property developers and speculators.

 

Whereas the high street banks generally restrict lending to very well established property development companies, and will lend no more than 70% of the total cost of each project, some of the small private finance companies will offer a far more positive approach.