building development finance

Building development finance is a short-term loan granted for development or refurbishment of residential, commercial or mixed-use properties. This type of property funding is usually for a term of between 3-24 months and is specifically designed to assist with purchase and build costs associated with large projects, heavy refurbishment and ground-up developments. A property development loan can be used for new build, conversion or refurbishments of either single or multiple units built in a number of phases.

Property development funding can also cover both the cost of purchasing land or a property and the cost of building, for example, a lender might finance 60% of a property or land purchase and up to 100% of the building costs, meaning the developer would fund a much smaller amount up-front.

Mortgages for property development give you the ability to raise capital to turn your development ideas into reality. When agreeing to the loan, development finance lenders will consider future value of the property, also known as GDV (Gross Development value). All developments are subject to acquiring the correct planning permission, if needed.

We specialise in both residential and commercial development loans in the UK and Europe, and can help you raise funds from £100,000 to over £150m. We are whole of market, meaning that we can find market leading rates and the best solution for your circumstances.

Your property may be repossessed if you do not keep up repayments in line with the lenders schedule. Think carefully before securing debt against any property.