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Old May 13, 2008 | 08:57 PM
  #20  
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15D
Italian convert
 
Joined: Oct 2007
Posts: 401
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From: Chesterfield
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You can get 70% loan to value on the plot and 75% loan to value on the projected sales price of the completed properties. If you are a first timer the bank may want an independent monitoring surveyor but may allow your architect to have that role.
The business loan will in staged payments with a drawdown as the while the plot is being developed its going up in value.
Steer clear of Barclays as they are the sons of Satan
Nat West/RBS I highly recommend

Last edited by 15D; May 13, 2008 at 09:11 PM. Reason: typos
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