Modular Housing Finance

Lending Options for Modular Construction






Modular Construction Loans are used to buy a building or land and have the finance spread out over a much longer period than say a bridging or development loan.

Unlike bridging loans or development finance which only come with 12 month or 18 month loan terms, Modular Construction Loans can be taken over 30 years.

They are used to help borrowers purchase commercial property, perhaps the building they are working from or looking to trade from, or to buy property where the they are looking to retain if for a long period of time.

Also, their pricing structure is vastly different to bridging loans or property development finance, both of which are expensive compared to Modular Construction Loans.

If you are unsure of some of the industry words we use, you can look at our glossary of terms.

We are the ‘goto’ finance broker for property professionals throughout the UK looking to fund residential, commercial & industrial property.

Our Modular Construction Loans Summary:

  • Heads of Terms from Lenders produced  the same day you apply
  • Modular Construction Loans from £100,000 to £10m
  • Monthly interest rates from just 0.49%
  • Loans available on residential, commercial and industrial properties
  • We can also fund farms, farmland, agricultural land in England, Wales and Scotland
  • Industrial units and industrial estates in England, Scotland and Wales
  • Land with or without planning
  • Modular Construction Loans up to 70% LTV…NET
  • Interest can be rolled up (paid at the end when you sell or refinance the property), deducted from the initial loan or serviced (paid monthly)
  • Joint Venture (JV) finance
  • 100% of purchase price
  • Loan terms from 3 months to 5 years
  • Portfolio bridging available if you have a number of properties that need refinancing
  • Bespoke, speedy service for large Modular Construction Loans above £1m

Apply For A Modular Construction Bridging Loan Today

Frequently Asked Questions

What is Modular Housing?

Modular Construction Loans are a type of funding that allows you to build a property much much quicker than traditional housing techniques.

Yes it is like a traditional mortgage but the major difference is, it allows toy to buy a property or land without having to worry too much about your credit history. 

You see a Modular Construction Loans is based on the asset, in most cases property but also land.

There are over 300 different bridging lenders in the UK (yes, 300!)…Some are major financial institutions like banks and some are specialist lenders you may have heard of like Aldermore or Shawbrook and not all of them will offer you finance for your modular housing project.

However, there are literally hundreds of smaller, alternative finance lenders who generally take more risks than the big banks and this allows them to lend against unusual or unmortgage assets.

It could be buying a house at auction. It may be buying another property before you have sold your existing one or it may even be because you want to buy a piece of land that doesn’t currently have planning permission.

Whatever the reason, a modular housing bridging loan can be quick and relatively simple to apply for. As most lenders are looking at the value of the security (land or property) and not you, it enables them to lend money quickly and with little fuss.

How much can I borrow with a modular housing bridging loan?

You can borrow anything from £100,000 right up to £10m usually. Of course, some brokers will make out that you can borrow up to £50m but that usually only applies with development finance, not bridging.

Do banks offer modular construction bridging loans?

If only! Everyone asks this question but the simple answer is no, they don’t. The usual excuse is that offering a bridging loan is riskier than offering a residential mortgage for example and we get that.

However, if you choose the borrower carefully, the quality of the asset or security is good and you do your usual lender due diligence, then there is absolutely no reason at all why banks and other high street lenders should’t offer bridging loans.

However, some major house builders are now delivering modular housing projects on a regular basis.

Are modular housing loans expensive?

Compared to a normal mortgage then yes, they are.

But you have to remember…These are risky products for lenders. Yes, if it goes well then both the borrower and the lender can earn a LOT OF MONEY. However, if they get the deal wrong then both the lender and borrower could be in a lot of trouble.

Do you charge broker fees?

Nope. We are professional mortgage brokers. We know and understand bridging finance, commercial mortgages and development finance inside out.

So if you want to work with us, you are serious then all is good and we will not charge a broker fee.