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How to finance property development?

muffster Posts: 6 Forumite

4 June 2014 at 8:59PM in House buying, renting & selling

Evening folks.
I'm researching the best method of financing a property for development and not sure what is the best method.
At the moment I'm debating whether to work for myself and set up a small company developing property, possibly letting when I retire form my current job.
I'm a homeowner but not convinced getting money out of my house it the right move, I also have some capital.
So, if I buy a property with a view to develop and sell, how should I do it. Do I buy it outright and have my capital tied up. Should I buy outright and let it, then use this to get a mortgage on the next project. Or should I split my investments down, use a deposit and a mortgage, sell on completion of improvements but then get stung for early repayment fees.

How do those in the know go about this?

Many thanks.

This discussion has been closed.

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