What is building finance and how does it help towards your property development?

The proposed development of 67 residential units in South London is finally under consideration after full planning was lodged in December 2017.

The development of six blocks on the outskirts of Greater London is close-by to transport networks into Central London, proposed early in December 2017 and received a widely positive reaction.

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The scheme will see the six blocks interlinked by five sets of vertical helical wind turbines, which will benefit from the position of the development, which also promises to be low in carbon emissions.

If the application is approved, a business unit to the east of the development will be demolished to make way for the five-and-a-half storey development. Click here for more info.

Out of the 67 units, which will be made up of 1, 2 and 3 bed homes, 30 per cent would be reserved as affordable housing.

Back in March 2017, a council leader said: “We support the principle of an early state demonstration project as part of the regeneration of this Greater London town.”

“The ambition to build accommodation with the highest standards of sustainability is consistent with our approach to new development and fits with our pledge to reduce the city’s carbon footprint.”

Futuristic housing coming to South London?

What do we know so far about the development?

From our understanding, building finance had been generated from a private lender, located in Sussex, but specialise in property developments in London and the South East of England.

Building finance has been approved from Hunter Finance – who lend from £100K to £2.5m to private individuals – and is looking to be a very successful development of residential units. You can find out more about what building finance is by visiting this website.