Helping you understand Development Finance to see if it can help you and your business.
Do not get tied down with a loan over a long period of time. Cover your development costs with quick access to funds with development finance.
what DOES IT COVER?
Development Finance covers the development or refurbishment of residential, commercial, or mixed-use properties. This may be exactly what you need if you are an experienced builder or developer looking to raise capital for a property project. Development finance lenders will consider the future value of the property, and the loan may be used to cover both the land purchase and the building costs.
HOW DOES IT WORK?
Traditional mortgage considers the value of the property, whereas development financing takes the value of the completed property into account.
- You will submit an application stating how much you paid for the property, your development or refurbishment costs, professional fees and build timescales
- Based on the information you provided, the development finance lender will offer you terms
- The lender runs a credit search on your finances, experience, and the location of your development
- The project will be monitored continuously once the loan has been approved
Get in touch with UK’s best finance advisors for more information on Development Finance
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