Fewer lenders, a lower loan or extra conditions. The loan that fits: Land without planning, as this is land with no planning consent stated. The things to check above are what a lender will look at too.
- Likely loan
- Up to 50% of the priceOn the purchase price
- On the expected hammer
- About £12,000The guide plus 15%
- Example rate
- 1.1% to 1.5% a monthArrangement fee about 2%
In its favour
- Freehold
- Let: the rent supports a refinance onto a buy-to-let mortgage
What lenders will note
- Check Outside London and the Home Counties (Rhondda Cynon Taf): fewer lenders, and values need strong local evidence
- Check No planning consent: lent on the land value today, not what it could become
- Check A loan of about £12,000: below many lenders' £75,000 minimum
Information a lender will need first
- Planning constraints: conservation area, listing, Article 4, flood zone and trees
- The tenancy agreement and the rent
What a lender will ask you for on a land without planning
- Photo ID and proof of address
- Proof of your deposit and where it came from
- The legal pack, read by your solicitor before you bid
- Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
- The tenancy agreement and the rent
- The planning history and any pre-application advice
- A valuation, which the lender instructs
We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.