In recent data released by NAEA Propertymark and reported on by Property Industry Eye, one in three properties (33%) sold for more than their asking price in May. This is an increase in the previous month which recorded 32% selling for more than the asking price.
This is great news for developers and investors who are looking to sell properties in the current market as it should directly translate into higher profits.
Saxon Trust offers a range of products across both development and investment so we are on-hand to help our borrowers with their new project.
That may be a purchase of a unit to quickly renovate and sell in the current market conditions which our bridging loan products can help with, including loans for light, moderate and heavy refurbishments. With rates from 0.55% p.m. and rolled up interest options, we are here to help with our flexible lending options.
If you want to find out more about our lending products, or discuss your new project, please get in touch with the team at [email protected] or by calling 0203 3686 340.