What do you need from your borrower to be able to complete a search?

Some developers will already have this data on a PDF/excel sheet, for the initial search this will need to be entered manually.

  • Purchase price
  • Purchase date (if already purchased)
  • Current value
  • Do they have a mortgage on the property?
  • Current balance & Lenders name
  • Land cost to date
  • Location
  • Development type (new build, conversion, permitted development or refurbishment, you can select multiple)
  • End property type
  • Pre-let/ Pre-sale
  • Build cost (including contingency)
  • Gross internal area (saleable area once built)
  • Professional cost and charges (for example project development or demolition)
  • Total GDV 
  • Build and loan term