Development Finance Key Features
Flexibility is our key aim when it comes to development finance and that is why discussing your project with us can pay dividends. Every deal is considered individually so through us you will get a financial solution specifically designed to your needs
Loans are not based on your income. What we will want to see is your ability to cover the deposits required and in most cases your ability to cover interest payments. We will consider all developments and there is no minimum or maximum loan size.
Key Features:
- Finance throughout Great Britain & Northern Ireland
- Lending of up to 75% of the plot or property price or valuation (whichever is lower) or even up to 100% (subject to suitable collateral) is available
- 100% of the development costs available
- Lending on plots with outline or detailed planning permission
- Funding for renovations and conversions as well as new builds.
- Finance if you have adverse credit
- Assistance with commercial development appraisals to ensure projects are viable
- No maximum loan size (minimum loan size is £50K)
- Loan period is typically between 6-12 months but can be extended
- The customer and amount of security available drive the maximum loan to final value (LTV) released on the project.
- Additional borrowing available during project
- With some schemes interest can be rolled up during the project.
- Flexible with adverse credit
- Competitive pricing.
- We will consider single property developments and multiple sites of any size.
- You can apply for development finance if you are individual, partnerships, ltd company, self employed or company director.
Call and speak to a Property Development Manager on 0845 223 4888 or request a call back online.
