Property Development Finance for rennovations



Find the right Property Development Finance
 

Interest roll-up (no monthly repayments)

Staged payments from the lender

Get up to 65% loan to value

 

How does property development finance differ from a commercial mortgage?

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:

  • A proven record of successful developments in the past
  • Agreed ‘off-plan’ buyer(s)
  • Already own the land and have planning permission
  • Can show that the development will service a strong rental demand where the building is speculative

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).

What next?

Request callback to arrange property development finance
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