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Property development is a complex process, but securing development finance does not have to be. Whether you are a property developer, investor, or landlord, there are various finance options available to help you get your next project off the ground.
For light to heavy refurbs, you can access a ‘refurbishment bridge’, which provides finance for 3-24 months of building costs, and may also offer the option to convert into a mortgage down the line. Ground-up developments often require more extensive finance, as they involve both land purchase and construction costs. In such cases, lenders may offer finance for up to 50% of the plot purchase and 75% of the build costs. This means that the developer may only need a fraction of their own money, instead of the full amount, to cover the land purchase and property construction.
Interest can be rolled or paid monthly, and repayment dates can be tailored to suit sales timelines. Most exit fees are calculated on the borrowed amount, not the GDV (Gross Development Value).
At Mortgage Decisions, we are experienced in helping you find suitable development finance. We also support less experienced developers and can consider impaired credit applications. Call the team on 03454 500200 or email hello@mortgagedecisions.com.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
With access to 1000s mortgages from over 90 high street lenders, we can help you find the right mortgage. Our five-star Google reviews back this up. Call us now and speak to a member of our experienced team.
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Louis and Toby have been extremely helpful, They offered us advice and guidance throughout the whole process and they couldn't have done a better job. The service we received was exemplary.
Ciara MThroughout my process I have liaised with Toby and Louis. Always professional, friendly and informative every step of the way. Keeping me updated at all times in what is a most exciting time for me. Am so very grateful. Thankyou!!!
CarolineWould give them more stars if possible! John and Russell being on-hand, promptly respond and chase updates, they are unbelievably exceptional.
Karim AThis is my first experience with getting a mortgage, but Rob explained everything clearly, answering all my questions, and helped me get the best mortgage for me. Louis also helped by keeping me updated with the progress of the application and chasing the lender on my behalf. Overall, a positive experience.
MeganMy request to renew my existing mortgage with Mortgage Decisions was superbly handled by David who is a most knowledgeable person. I was impressed with his professionalism and his attention to detail. The end to end process was explained throughout by David in particular the various options available to me. This is the second time that Mortgage Decisions have assisted with my mortgage and I wouldn’t hesitate in asking them again in the future.
Barney
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