ALEXANDER PROPERTY FINANCE

                                             FOR 

                 RESIDENTIAL DEVELOPMENT FINANCE

Development Finance: We act for clients in obtaining development finance for the building of houses and apartments, including property conversions and refurbishments. For details of loan amounts and percentages please see our "Services" page.

Specialists in arranging property finance: We are members of the National Association of Commercial Finance Brokers.With over 40 years experience in banking and finance we have well established connections with a large number of national and international banks, other financial institutions and private sources. This can enable us to source finance for our clients in these more constrained times.

The economic scene: The recovery continues along its bumpy track with the latest GDP figures (third quarter) showing only a modest resumption of growth. Projections for 2012 indicate continued weakness and consumers remain under pressure with inflation still at around 5% although forecast to ease over the next year. The services sector as well as the manufacturing and construction sectors grew more sharply than anticipated in January 2012 and at least a slide back into recession looks increasingly unlikely. Given the overall background it is  anticipated that interest rates will continue to remain at present very low levels throughout the next 12 months.

On the plus side, jobs are being created and housing starts are increasing, particularly in London and the South-East. The government have announced a new mortgage indemnity scheme designed to guarantee 95% mortgages on newbuild properties. This will enable first time buyers in particular and those wanting to move into a larger newbuild (perhaps from a flat to a family home) to borrow more.

And so in February 2012 the outlook for the housing market continues to indicate regional variations. London, the Home Counties and the South East in general show some strength. Other favoured locations in central Scotland and the north and south of England are also performing well but there are price falls in a number of regions.

There is a shortage of quality new homes coming to the market and pent up demand from buyers who are looking for homes in established locations.

Whilst the mainsteam lenders are rarely interested in supporting new residential development schemes there continues to be a willingness amongst our own lending sources to actively consider funding for good propositions.