The land market moves faster than bank loans can follow. Great plots vanish while loan forms sit on bank desks. Many buyers miss chances due to slow cash flow. Banks shy away from raw land or plots with unclear plans. Their strict rules block deals that make perfect sense.
Private money lenders know land holds worth beyond what banks can see. They can help when others back away from good deals. Their teams check the land quickly and make fast loan choices.
Some offer bad credit loans with guaranteed approval in Ireland. They look past money troubles to see the land's real value. Your credit score matters less than the plot you're buying. These lenders check the land first and your credit score second.
The land market offers many options for buyers with private funding. Private loans give you freedom that bank loans often can't match. They are faster to get and suit deals that might seem too risky for high street banks. Let's explore what land types fit well with private lending in Ireland.
Clare, Mayo and Kerry have some of Ireland's most valued farmland parcels. These lands have good soil with stunning views that catch many eyes. A private loan can help you get these plots before they vanish from the market. Farmers expand their holdings this way, while city people seek country retreats. The prices start around €5,000 per acre but vary based on access and quality. The West Coast demands higher rates due to the tourism pull.
One can find great lands in Dublin, Cork and Galway for building. These plots often need quick buying moves that only private loans can support. The buyers use bridge loans to secure these gold mines. You might pay €25,000-€50,000 per acre, depending on how close it sits to city edges.
Forest plots, grazing fields and coastal sites all draw different types of buyers. There are timber companies that want forests they can harvest soon. The coastal land has tourism potential. Private lenders look at how you'll use these natural assets before saying yes. They want to know if your plan makes sense.
The private lenders fill gaps that banks leave wide open. They move with speed when land deals need quick cash. These money sources work outside the strict bank system rules. They focus more on the land's worth than on your past money troubles.
Most private lenders in Ireland can say yes within days, not weeks. They skip the long waits that kill many good land deals. Their teams visit sites quickly to check what they're backing. You might pay €2,000-€3,000 for this fast-track help. The truth is, some land deals simply won't wait for bank timing. Good plots sell fast in hot spots like Wicklow or Kildare.
Unlike banks, these lenders care most about the land itself. They don't ask you to put your home on the line. The field, forest or site stands as the main safety net. They check things like road access and nearby land prices. Many lenders know which areas gain value each year. They might lend up to 70% of the land's true worth. This beats bank limits that often stop at 50% for raw land.
Private lenders look less at pay slips and more at plans. They want to know how you'll pay back, not just what you earn. Bad credit scores that scare banks may not stop these deals. Some lenders work with people just months after money troubles.
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Private Lenders Vs Bank Loans For Land | ||
|
Feature |
Private Lenders |
Banks |
|
Speed Of Approval |
3–10 Days |
3–6 Weeks |
|
Credit Score Check |
Light Or None |
Strict |
|
Loan-To-Value (LTV) |
50–70% |
60–80% |
|
Property Type Limits |
Flexible |
Limited to zoned land |
|
Repayment Term |
6–24 Months |
10–25 Years |
|
Usage Flexibility |
High |
Low |
Private lenders look at land deals with fresh eyes and open minds. The process works faster when you know what they need. Here are the main steps to follow:
Step 1: Gather your land papers and proof. Bring maps that show exact bounds and access roads. Title deeds or folio numbers help lenders check legal status quickly. Photos of the land from different views make a strong case. This builds trust that can lead to better loan terms. Many genuine and honest private money lenders in Ireland will visit sites before saying yes.
Step 2: Tell them what you'll do with the land. Will you farm it or flip it for a quick profit? Maybe you plan to build homes or hold them for later use? Be clear about your time frame and end goal. Lenders back plans that make sense and show thought. They want to see if you've checked local rules and market needs.
Step 3: Your loan size must match the land's true worth. Your terms range from six months to three years in most cases. The fees vary from 8-15% based on risk and your track record. They will explain all costs upfront.
Step 4: Sign papers and wait for your cash to arrive. Most deals pay out within 3-10 days after signing. Your lawyer should check all terms before you sign. Once the funds clear, the land waits for your next move.
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When To Use Private Lending For Land | ||
|
Scenario |
Private Loan Good Option? |
Reason |
|
Auction Purchase With 14-Day Limit |
Yes |
Banks too slow |
|
Buying an Unzoned Rural Plot |
Yes |
Banks avoid unzoned land |
|
Building a Holiday Home |
Yes |
Flex funds for early stages |
|
Buying For Long-Term Farming |
Maybe |
Depends on the exit plan |
|
House Built With Full Mortgage |
No |
Bank build loan is better |
The timing often makes all the difference in land deals. The private loans can close deals in days, not months. Some great land plots sell within hours of listing. The best deals rarely wait for slow bank checks.
Banks shy away from land with no clear use plan. They want safe bets with paths they know well. Private lenders see past this fear to the land's true worth. They know good plots hold value even in tough times.
Flipping land works poorly with bank loans most of the time. They hate short-term plans that don't build things. The private funds fit this quick-turn model much better.
Fast closing: 3-7 days
Many plots sit in planning for months or years. So banks run from this kind of waiting game fast. Private lenders understand the planning board's slow steps well. They structure loans that handle these built-in delays.
Bad credit scores close bank doors almost instantly. Private lenders look more at the land itself. They focus on what you're buying, not past money troubles.
Many lenders match loan terms to how you'll use the plot. They know farm loans need different terms than building plots. The land rules change based on county and zone types. They avoid plots with hidden legal traps or title flaws. This saves you from costly snags that could block your plans.
Deals move from the first talk to cash in hand within days. The best lenders send funds in under two weeks total.
