40 FINANCE & INSURANCE
dedicated property financier there’s just one, close relationship, one set of legal fees, and one survey fee, keeping things simple and efficient. No long-winded inter-creditor agreements and red tape – just a one-stop funding solution. Making things easy for its partners and keeping its criteria simple is the mark of a good financier. Some of the better companies, for example, focus on experi- enced new build developers, preferably with planning in place and a target GDV of £2m-£15m. A project can then be swiftly appraised and a profit share agreed, usually with developer partners keeping the lion’s share of profits and allowing them to expand their operations, stretch their capital over multiple sites and secure more brand flags in the ground.
Helping to return the number of housebuilders in operation to 2007 levels could equate to boosting the housing supply by 25,000 homes per year. It’s vital to cut through the lenders doing U-turns, cut through the macro-economic noise, and be certain that in these uncertain times, housebuilders and developers can use an investor’s money to make more for themselves.
Mark Holden is MD at Go Develop
OVER HALF THE COUNTRY’S NEW BUILDS ARE BUILT BY JUST SEVEN PLC HOUSEBUILDERS
HOUSEBUILDER & DEVELOPER IS INDEPENDENTLY VERIFIED BY ABC
WWW.HBDONLINE.CO.UK
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