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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 £595.
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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Fantastic service from Mark on securing me a mortgage offer under my difficult circumstances, thanks for all the work and effort. A real asset to the business.
LR OJack and Russell were absolutely amazing and helped me secure my first mortgage with no problems at all. As a first time and solo buyer it is all very daunting but they explained everything to me and I could trust that I was in good hands regarding the securing of my mortgage offer. Their communication was brilliant as I usually had a response to any questions within a day and my mortgage offer came through so fast. Thank you!
Chelsea WLouis 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 MToby was absolutely a knight in shining armour. Every step of the way he explained everything, he understood my situation and it felt like he was holding my hand through some turbulent times. I can't thank him enough.
Sarah JChawley and Amber have both been extremely helpful and accommodating throughout all stages of the process. I would highly recommend them to fellow first time buyers, as well as anyone needing mortgage advice. Thank you both!
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