Property development loans are a type of short-term lending that allows a developer to finance renovation or refurbishment of a property.
In the current tough economic climate you must be able to demonstrate very strong credentials to secure a loan, having one or more of the following:
Property development finance tends to have higher set-up fees than commercial mortgages. Money can be released in stages and repayments can be deferred until such time as you sell the property, or secure a commercial mortgage based on the final valuation after work has been completed.
You may be able to get a commercial mortgage that will lend on property development. However, the distinct advantage of a specialist short-term loan is that you may be able to get the funds you need quicker, over a shorter term (where the loan is easier to redeem if you intend to develop and sell).
Request callback to arrange property development finance Compare commercial mortgages
Running a business takes a huge amount of skill and organisation, not to mention a decent level of f... More
As the economic recovery takes hold for most of the UK, small businesses, although largely optimisti... More
As a small business, getting your finances in order will be vital. If you haven’t got a decent accou... More
Last night the 2014 Business Moneyfacts Awards took place in a glittering ceremony at the prestigiou... More
SMEs rely on securing sufficient funds to start and expand their businesses, but unfortunately it's ... More
Is your charity business account paying little interest? Find the best paying charity accounts here... More
When it comes to the day-to-day running of your business, the financial product that you need to be ... More
Unimpressed by the returns on your business’ savings account? Here’s the lowdown on an increasingly ... More
Cambridge & Counties Bank has raised the rate on its popular 95 day notice business account to cemen... More
National Counties Building Society has reviewed its business savings range with its easy access acco... More
Cambridge & Counties Bank has launched a new issue of its 95 day notice variable rate business accou... More
Bath BS has reviewed its range of business savings accounts with three heading straight into the Mon... More
Shawbrook Bank has increased rates on its variable rate business and charity notice accounts with th... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.