BuildStore's Short Term Development Finance

If you need short term finance to fund a property development project – building or renovating a property which you intend to sell for profit or let – then look no further than BuildStore’s competitive Short Term Development Finance package.

Our expert advisors will endeavour to ensure the right bank or lender is chosen to best suit your requirements from our range of development lenders using our unique offerings. Our commercial mortgage allows developers to borrow over a period of 12 - 24 months. The loan is released in stage payments, designed to suit the progress of the building project. Interest can sometimes be rolled up in the facility and payment terms can vary.

1. What is the main purpose of BuildStore's Short Term Development Finance?

To provide lending on a short term basis for people looking to develop properties for sale or let. As whole of market advisors, Buildstore can also help you re-mortgage your property after the build.

2. Key features of BuildStore's Short Term Development Finance?

• Commercial lending for those wishing to develop a single or multiple properties for sale or let
• Property - borrow up to 80% of the value of the property and up to 100% of build costs
• Land - borrow up to 75% of the value of the plot, plus up to 100% of build costs
• Flexible in relation to those with adverse credit
• You can lend against the value of the land/property rather than the purchase price where merited
• Funding is available for builders, developers and speculators
• Finance lasts for up to 12 months or up to 2 years where merited

3. Why use BuildStore?

Being in control of a property development project brings its own challenges. One way to combat problems is to create a support structure of professionals to whom you can turn for advice.

That's why BuildStore is your perfect homebuilding partner. Uniquely, we provide expert, professional services and products for self builders and renovators, all designed to make the process as straightforward as possible from start to finish.

4. How much can I borrow through BuildStore's Short Term Development Finance?

As all development cases are unique, each project will be assessed on there own merit.

New builds:  we can offer up to 75% towards land purchase and 100% of build costs.
Renovation/Conversion projects:  we can lend up to 80% on property purchase and 100% on build costs.
There is also the possibility of 100% lending if sufficient additional security is offered.

Loans are not based on your income. What we will want to see is you ability to cover the deposits we require and in most cases your ability to cover interest payments. In some cases a roll up of interest can be offered.

We will consider all developments.
There is no minimum or maximum loan size.
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.

5. How can I find out more and apply?

Our Advisors are available to answer any questions you may have regarding your development finance. They can be contacted on 0870 872 0908 between 8.30am and 5.30pm Monday to Thursday and 8.30am to 5.00pm on Fridays.

Alternatively, you can apply online here >>