Planning Assistance Loans: Unlocking Potential in Property Development

Navigating the complexities of property development often starts with securing the right planning permissions. However, obtaining these permissions can be a lengthy process, creating challenges for developers who are eager to move forwards with their projects. In fact, a majority (39%) of property developers report an average waiting time of 4-6 months for planning permission to be granted, while 33% face even longer delays of 7-12 months.

Planning Assistance Loans are designed to address these sorts of challenges, providing  financial support during the planning stage – bridging the gap between a property’s potential and its future.

Approach to Planning Assistance Loans

Planning Assistance Loans are tailored to support developers who are at critical stages of the planning process.
With their focus of flexibility and understanding, Loans are structured to help developers unlock the value of their land or property whilst awaiting planning approval. They ensure developers can access the necessary funds to cover planning costs and explore opportunities confidently.

Harps Garcha at Brooklyns Specialist Finance said:

Obtaining enhanced planning permissions often takes considerable time, creating challenges for developers who need to manage their cash flow while waiting to begin construction. Research has revealed that developers typically wait an average of seven months for planning permission to be approved.

Types of Projects Suitable for Planning Assistance Loans

• New Builds, Conversions, and Refurbishments: Supporting construction from the ground up or enhancing existing properties.
• Residential, Commercial, and Mixed-Use Developments: Offering flexibility for diverse project types.
• High-Value Residential Projects: Providing financial support for premium housing projects.
• Student Housing, Senior Living, and Co-Living: Targeting community-specific developments.
• Care Homes: Enabling the creation of high- quality care facilities.
• Phased Development Schemes: Facilitating projects with structured, multi-stage approaches.

Delays in securing planning permissions can have significant financial and operational impacts on developers. 1 in 10 developers report having had their planning applications denied in the past, further complicating timelines and budgets.

With Planning Assistance Loans, developers can overcome these hurdles, ensuring they have the financial backing needed to secure permissions, manage risking costs, and progress with their projects.

The Importance of Expert Guidance

Given the ever-changing market conditions, seeking the assistance of a mortgage consultant is more important than ever. With their expertise, you can navigate these fluctuations effectively and find the best possible mortgage options tailored to your needs.

Our experienced mortgage consultants are ready to assist you with personalised guidance every step of the way. For an initial consultation, speak with our experts or call us at 01628 564631. We're here to help you navigate your mortgage journey with informed advice and care.

Take the first step towards securing your mortgage today.

The information contained within was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage.

Source: Planning Assistance Loans