Property Development Loans

Struggling to arrange your property development loans with your bank?

Many clients have come to us in this situation in the past and we have been able to arrange a property development loans solution for them even when their bank has not been able to.

Banks are quite restricted at present and have smaller allocations for this type of finance. Some have a very narrow thought process and criteria which inhibits perfectly good developers’ projects.

Our property development loans service to you is quick, easy and designed to save you time and money which you can devote to your business.

The moment you contact us you will be assigned a personal independent commercial finance adviser who will discuss with you in detail your property development loans requirements.

Your dedicated commercial adviser will find out what you want to achieve, and use their unrivalled expertise and knowledge of the entire marketplace to research and find you the perfect property development loans solution. We are 100% independent and always access every lender, many of which are niche and not on the high street.

Once you are happy to proceed, your commercial finance adviser will negotiate through all the stages of arranging a property development loan for you.

Your independent commercial finance adviser will be able to help you every step of the way of your application for property development loans – from preparing your application right through to completion.

Call your Financial Times award winning independent commercial finance adviser in confidence now on 0800 0112825 or complete the contact form and your dedicated adviser will contact you.

Our Fee Guarantee: You won’t pay any fees unless we can help you.

How much will property development loans allow me to borrow?

It is possible to borrow 100% of the project cost, but you would be expected to offer further assets as security for the extra borrowing. You would also have to be able to demonstrate an ability to meet the additional interest cost and repayment of the debt at the end of the development period.

You will typically be allowed to borrow 50 % of the land cost and 50% of the build cost but each lender is different and remember, we have access to every lender. The amount that can be borrowed with property development loans is linked to the value of the land pre-development, the cost of the development and the value of the site once the development is completed.

The amount that can be borrowed is also influenced by the size of the project, your own experience in property development, the saleability of the finished site and whether it is a commercial or residential development. Some lenders will insist that the interest cost of property development loans is met from other income; others will allow the interest to be included within the overall cost of the project.

What are the main uses of property development loans?

They can be used for a variety of property development projects, but mainly for the following:

• Undertaking a new build project, either of residential or commercial property

• Converting an existing property

• Refurbishing a property

• Buying land for property development

• Buying a property or properties for development

• Funding development and build costs such as equipment and labour

Is there anything else I need to know before applying for property development loans?

Before you start looking to apply for property development loans make sure you have the necessary planning permission in place along with all the professionals you need such as an architect, an accountant and a solicitor specialising in property development.

Your property development loans adviser will help you with all of this and will be happy to recommend suitably qualified professionals to you.

Call us today to find out more about how we can help make applying for property development loans faster and simpler.

Remember our Fee Guarantee: You won’t pay any fees unless we can help you.

Call your FT award winning independent commercial finance adviser in confidence now on 0800 0112825 or complete the contact form and your dedicated adviser will contact you.