If you’re planning to undertake a property development project, sourcing the right financial deal is a crucial part of the process. Development finance is a funding solution for those looking to complete property development projects that can typically range across the board, from the construction of small office blocks or industrial units, to the building of residential properties or leisure facilities, the conversion of offices into flats, property refurbishments, or the redevelopment of premises.
Lenders will typically require a first charge as security, and will consider freehold properties and leasehold properties with more than 60 years remaining on the lease. They will also look for evidence that the borrower has experience in handling projects of a similar nature, and has a viable exit strategy.
We can help you get the right finance deal in place by sourcing the most appropriate lender and the most suitable terms for your circumstances. Each lender operates under their own criteria, and will have a preference for the type of project they are willing to support. Our wide-ranging knowledge of the market means we can help ensure that your application is directed to the right lender, saving you time and money.
When it comes to appraising applications, development finance lenders will always look for a detailed approach that has the right supporting information to substantiate the borrowing requirement. This means that getting your facts and figures right is essential, and we can offer you help and support throughout the process.
We are a Credit Broker not a Lender.
The Financial Conduct Authority does not regulate some forms of Commercial Mortgages