Refinancing or Selling a Property with Land? Lenders Expect a Phase 1 Desktop Study

Are you in the process of refinancing a commercial asset or selling land with development potential? You might be surprised to learn that most lenders and institutional buyers will require a Phase 1 Desktop Study before they sign off on the deal.

Banks and other financial institutions use Phase 1 Desktop Studies to assess environmental risk. If contamination is suspected, the value of the land may be significantly reduced, or the loan may be declined altogether. Having an up-to-date and compliant study in hand streamlines the transaction and builds trust.

At EnviroSolution, we offer quick-turnaround Phase 1 Desktop Studies tailored to commercial transactions. Our reports are comprehensive, easy to interpret, and recognised by solicitors, mortgage brokers, and financial institutions across the UK.

For property sellers, providing a recent Phase 1 Desktop Study upfront gives buyers confidence and speeds up due diligence. For developers looking to refinance, the report can influence the terms and rates offered by lenders.

Consider the case of a client who owned a commercial warehouse complex. They sought to refinance to fund an expansion project. However, the lender paused the process until a Phase 1 Desktop Study was completed. We delivered the study within five working days, identifying no significant risks, which led to quick loan approval and project progression.

Don’t wait until your deal hits a roadblock. Be proactive and get ahead of environmental requirements with a professional Phase 1 Desktop Study by EnviroSolution. It’s more than a box-ticking exercise—it’s a deal-sealing advantage.