09 Dec Property Developer Dilemmas
Most property developers would say risk is an unavoidable part of their trade and being prepared for what lies ahead can mean the difference between success and failure. The most effective way to minimise the chance of things going wrong is to do your homework. Be ready for the following common scenarios to occur and have a plan for how to reduce your risk and work towards returning a profit. Interest rate rises It might seem obvious to factor in the possibility of rate rises over the life of your development, but you'd be surprised how many developers have been caught out when they have borrowed too much money on lower interest rates and then could no longer meet their loan commitments as rates started to spiral upward. Talk to us about a loan that can be tailored to suit your individual needs. Rising...