Development Finance for Property Developers
Are you searching for development finance. We compare over 40 lenders with our online sourcing platform and can get you a quote in minutes once we have details of your project.
Our funding options range from £100,000 to £100m for projects including refurbishments, permitted development, conversions, and ground-up new builds.
Contact our development finance team for more information.
Finance is arranged over the short term to allow you to do the build and comfortably exit the loan. The maximum loan is agreed at the beginning and is based on the overall costs and end value.
A comprehensive list of information is needed and a helpful guide is located here.
POINTS TO CONSIDER WHEN COMPARING DEVELOPMENT FINANCE LENDERS
- How much do you have as a contribution and for contingency
- Your contribution goes in first
- Is interest included or excluded from the % the lender provides
- How is interest calculated
- Ensure term is sufficient for build
- Will the lender need a Monitoring Surveyor
- Are Collateral warranties needed
- Provide a detailed breakdown of costs including all professional fees
- Ensure your professional team has the right qualifications for the lender
- Satisfactory exit strategy in place with alternatives
- Up to 100% of build costs
- Up to 75% of all costs
- Up to 75% of GDV (Gross Development Value
- Rates variable or fixed
- Fees based on debt or GDV
- Term up to 48 months but typically 12 – 18
- Rate and lender dependent on experience of doing similar projects