Development Finance Criteria
As whole of market brokers, we work with lenders across the market to secure the most suitable terms for you. Most development finance lenders assess applications on a case by case basis, the below examples are intended only as a guide.
We can fund property developments from £50,000, with no maximum loan size. For loans below £50,000, we may still be able to lend, however, a property refurbishment finance product may be more appropriate.
The term of your development finance can run from 1 to 36 months.
Any security considered, with or without planning permission.
We can lend to the following borrowers:
- Private borrowers
- Pension schemes
- Limited companies
- Offshore companies
Applicants must be aged 18 or above. SPV Ltd. companies can borrow from start up and there is no requirement for previous trading history.
We can lend in the following places:
- Northern Ireland
We are often able to offer special, low rate finance for applications in large cities including London, Birmingham, Manchester, Liverpool and others.
Funding can be offered regardless of credit history, as long as you are not currently bankrupt. If your credit history is particularly bad, or if you have a number of failed developments, lending may be restricted and interest rates higher.
We can offer funds for any type of property development, including ground up development, part build schemes and conversions.
Funding is available for sites with or without planning, if the planned works during the term of the loan are in keeping with local planning and building regulation laws.
Any exit strategy considered. The planned exit route must be realistic and will be sense checked prior to being accepted.