Lending Market - Demand for UK short-term lending in the property market has grown from around 0.9 billion in Sept 2012 to an estimated £4.3 billion in June 2017.  Historically, this demand was met primarily by traditional banks supported by alternative lenders.  Many traditional banks have tightened their underwriting requirements for short-term lending and are focused on building capital reserves.  The approval process and lending criteria of the banks that remain in this market is generally slow and bureaucratic.  Specialist alternative lenders like P1CP have a robust and streamlined lending process.  We are able to reach decisions within days enabling borrowers to proceed quickly.   

Housing Shortage - It is estimated the UK needs to build 340,000 new homes per annum until 2031 to meet the current housing shortage.  The Government is attempting to encourage developers to build more homes by improving the planning process and introducing incentives such as the Help to Buy scheme.  P1CP works with small developers (defined as under 10 million development value) to provide financing solutions.
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