Development finance is a loan advanced towards the purchase of land or building work. We can assess your case and tailor a solution to the needs of your project.
How does development finance work?
Development finance works by funds being advanced upfront initially as a short-term loan towards land purchase followed by draw-downs in staged payments for build works. Loans are calculated based on the predicted value of the property at completion with factors such as project type, developer experience, level of build cost, and equity taken into account.
It’s very important to consider development finance with a strategic mindset. By doing so, it can improve the financial status of your project, how each choice of a product influences the outcome, and help to define the structure of your case.
What can development finance be used for?
Typical schemes include:
Houses of Multiple
Why use property finance brokers?
Working with a broker with the right relationships to navigate the market, can greatly increase the likelihood of making a successful application. We can help you to identify the right deals from our well-researched lender panels, whilst facilitating the flow of information as a go-between. We know each lenders’ criteria inside out, how they operate, and importantly when presenting a case, what works and what doesn’t.
Helping you to move forward
We recognise that detailed customer service is what really makes our broking solution most useful! So, you can be certain when considering your options you’ll get the back-up you need in every respect. From sourcing and structuring deals through continuous application support and the timely release of funds, through to a smooth exit, at end of term.
Case study: Broker-Developer-Lender relationships support a barn conversion
Case study: Development loan supports timber frame construction
Case study: Helping you to pay less money into the deal
A company that doesn’t desert you when things don’t go quite to plan…
Great Company and Michael was always there to help when needed. Didn’t go smoothly as the Scottish land registry closed during the pandemic. This didn’t cause any issues for Michael even though we’ve just completed over 3 months down the line. Michael smoothed everything over with the bridging company that were threatening to charge extra interest as we’d agreed a date for the money to transfer.