Development Finance

Development finance from 0.44% – in principle decision immediately

We find the funding which both experienced and new developers require at all stages of their projects – from breaking ground right though to providing exit finance when the work is completed to settle your existing development loans.

Whether you wish to develop student pods, convert offices to residential property under PDR, or you’re close to completing a project and you need additional funding to tide you over, please speak with one of our team.

Our broker is a specialist bridging loan and development finance providers – that’s all they do. The team have over 60 years’ experience in arranging the most competitive development finance packages for our clients and welcome the opportunity to work with you on your next project.

Development finance – UK lending criteria

• Loan to value (LTV): 70% maximum with 100% build cost available
• Exit strategy: sale or refinance (we can assist you with this)
• Loan term: 3 to 24 months • Loan amount: £25,000+
• Interest options: serviced, retained, rolled-up
• Interest rates from: 0.44% per month
• Decision: 24 hours • Completion: 5-14 days
• Loan available in UK • Adverse credit considered
• Available on first and second charges

Please note that 100% funding is available providing you have additional security with sufficient equity.

What is a development finance loan?

Development finance is used to fund larger residential, commercial, and mixed-used building projects. 

We arrange development finance loans for clients, often for many millions of pounds, and our borrowers then have up to 2 years to complete the work and either:

• sell the property on to new owners or
• arrange alternative funding to pay the development finance loan off in full – for example, a buy-to-let mortgage on an HMO conversion.

Development finance – important terms

For borrowers seeking development finance, the maximum amount of funding a lender will provide you with will depend on one or more of the following factors – the LTV, LTC, and LTGDV.

Loan to Value (LTV)

In development finance, the Loan to Value refers to the value of the site or building you wish to purchase prior to development.

Loan to Cost (LTC)

Loan to Cost refers to the amount of funding that a lender will provide you with towards construction and associated costs on the project.

Loan To Gross Development Value (LTGDV)

The Gross Development Value is the estimated future value of the property you’re developing when complete.

Find out how we can help you get the bridging finance solution today by completing our online enquiry.