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
Compare commercial mortgages

Advertisements:

Business Moneyfacts award winners 2014 announced
Business Moneyfacts award winners 2014 announced

Last night the 2014 Business Moneyfacts Awards took place in a glittering ceremony at the prestigiou... More

Small businesses still not benefiting from the FLS
Small businesses still not benefiting from the FLS

SMEs rely on securing sufficient funds to start and expand their businesses, but unfortunately it's ... More

Business optimism at 22-year high
Business optimism at 22-year high

With the recovery taking hold it seems that businesses are becoming increasingly confident, with the... More

Small firms facing late payment
Small firms facing late payment

Being your own boss can be a wonderful thing, and a report released last week reveals that a lot of ... More

Cameron pledges to cut red tape for SMEs
Cameron pledges to cut red tape for SMEs

At a Federation of Small Businesses (FSB) conference held yesterday, David Cameron pledged to reduce... More

Where to find the best-paying Charity Accounts
Where to find the best-paying Charity Accounts

Is your charity business account paying little interest? Find the best paying charity accounts here... More

Choosing a Business Current Account
Choosing a Business Current Account

When it comes to the day-to-day running of your business, the financial product that you need to be ... More

Peer-to-peer lending: a serious option?
Peer-to-peer lending: a serious option?

Unimpressed by the returns on your business’ savings account? Here’s the lowdown on an increasingly ... More

Competitive business savings with Shawbrook
Competitive business savings with Shawbrook

Shawbrook Bank has reviewed rates on its fixed and variable rate business and charity accounts.... More

Cambridge and Counties’ top ten business account
Cambridge and Counties’ top ten business account

Cambridge and Counties Bank has reviewed its popular 95 day notice variable rate business account se... More

Business savings from United Bank
Business savings from United Bank

United Bank UK has amended rates across its business and charity savings range.... More

Top 10 business bond from United Trust Bank
Top 10 business bond from United Trust Bank

United Trust Bank has made a number of changes to its business savings range.... More

Chart-topping business savings from Shawbrook
Chart-topping business savings from Shawbrook

Shawbrook Bank has launched a new issue of its chart-topping business savings account. ... More