Development Finance

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.