Development Funding

Development Funding: Unlock Funding for Your Property Projects

Development funding is a specialized loan designed to fund property development projects. Whether for refurbishing an existing property, constructing new builds from the ground up, or acquiring planning permissions, development finance provides the financial backing needed to turn property ambitions into reality. It is ideal for developers looking to finance new sites, extensions, or projects with existing planning permissions.

At Giles Finance, we provide access to tailored property development loans for a wide range of projects, including new build developments, refurbishment projects, and extensions. With funding options covering up to 90% of the total project cost, including land acquisition, our development finance solutions ensure that developers can execute their projects with confidence. In some cases, property development finance up to 100% is available when additional security is provided, making it a highly flexible and valuable funding option.

One of the standout features of our development finance solutions is the ability to fund part-build developments. If your existing bank has withdrawn support or if you run out of money mid-project, Giles Finance can help bridge the financial gap and ensure the completion of your development.

Our property development loans extend to both residential and commercial projects, including houses and blocks of flats. This flexibility sets us apart in the market, as many lenders are unwilling to fund such projects. With Giles Finance, developers can secure the financial resources they need to pursue diverse property development ventures, regardless of scale.

We also cater to applicants with less-than-perfect credit histories. Development finance options are available to those with credit issues, such as CCJs, defaults, or mortgage arrears. Our financiers prioritize the quality and potential of the development project over the applicant’s financial history. This makes our property development funding solutions accessible to a broader range of developers.

While experience in property development is preferred, we understand that not all applicants will have a track record of completed projects. First-time developers can still qualify for funding, as the experience of contractors or project managers involved in the development may suffice. Our goal is to support both experienced and first-time developers in achieving successful outcomes for their projects.

Interest rates for property development finance are typically charged on an interest-only basis, ranging from 0.55% to 1.5% per month, depending on the quality of the project. Terms are generally available for up to 36 months, and in many cases, interest can be rolled up and settled from the sale or refinance of the completed property. This flexible repayment structure ensures that developers can focus on completing their projects without immediate financial strain.

At Giles Finance, we pride ourselves on providing property development finance solutions tailored to the unique needs of our clients. Whether you’re an experienced developer or embarking on your first project, we offer the financial tools and expert guidance needed to bring your vision to life.

Our development finance services cover a wide range of project types, including residential, commercial, and mixed-use developments. We work closely with a network of trusted lenders to secure the most competitive terms and rates for your project, ensuring that you have the financial support required to succeed.

If you’re seeking a flexible, accessible, and tailored financing solution for your next property development project, look no further than Giles Finance. From part-build developments to large-scale construction projects, we are here to provide the funding and expertise you need to make your property development a success.

Contact Giles Finance today to learn how our development finance solutions can help you achieve your property goals.

Giles Finance – Empowering Your Property Development Dreams.

The number for the development team is 0208 088 2211

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