Development finance is a loan that is geared towards development of current property or for the ground up development of new sites that have planning permissions or with the view of acquiring planning.
We have access to property development loans for new build property development, refurbishment projects, and extensions. Up to 90% of the cost of the project is available, including the cost of the land (Property development finance up to 100% is available with additional security).
- Loans from £10,000 to £20 million.
- Property development loans are available from £50,000 to £50 million.
- We can issue a decision in principle for property development loan, subject to
status and due diligence within minutes, and funds can be with you within days.
- Property development finance is available up to 70% of the completed project
- We can fund up to 100% of the cost of work including professional costs.
- Property development loans are available for new builds.
- Property development finance is available for refurbishments and conversions.
Our property development funding is available to help complete part-build developments – if you run out of money, or if your existing bank won’t continue to support you, don’t worry, we can help.
We can fund the development of blocks of flats as well as houses – this is very rare in today’s marketplace! Property development loans are available for residential and commercial projects.
Credit problems including CCJs, defaults, and mortgage arrears may be accepted (our property development financiers are more interested in the quality of the project than the previous financial history of the applicant).
Although we prefer our applicants to have the relevant experience to complete a development project successfully. If you have no experience, please don’t let that put you off. Your contractors and project manager may offer the experience we need.
Interest rates for property development projects are generally charged from 0.55% per month to 1.5% per month interest only basis with typical terms of up to 36 months (subject to the quality of the project), and interest may in most cases be rolled up and settled from the sale or refinance of the completed property. Our property development services are aimed at both experienced and first-time developers.
The number for the development team is 0208 088 22 11.