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Property Development Funding |
Great British Finance can arrange specialist funding up to 100 per cent for multiple and single developments including greenfield and brownfield sites. Once the development has been completed the client can either sell the properties on the open market or refinance the loan with another lender. All types of residential, commercial and industrial developments can be funded.
An exmple of how property development funding works
A residential developer has the opportunity to acquire a site with planning permisssion for the development of four executive detached houses:-
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Purchase Price |
£400,000 |
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Development Costs/ Fees |
£500,000 |
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End Sales |
£1.3M |
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Projected profit |
£400,000 |
The developer's bankers are only prepared to consider 70% of total project costs and are therefore requesting a total contribution of £270,000.00. The developer isn't able to meet the request as funds are tied-up in other transactions.
Solution - After necessary due diligence, We could step in and arrange 100% of the purchase price and 100% of development costs and fees.
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Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice the precise amount will depend upon your circumstances but we estimate that it will be 1% of the loan amount (minimum fee of £295). The overall cost for comparison is 5.6% APR, the actual rate available will depend upon your circumstances.
If you would like more information on the different types of funding and products that makes up property development funding, please visit the development finance website by clicking here alternatively telephone Chris Watson on 0845 130 0009 for more information.
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Great British Finance Limited are authorised and regulated by the Financial Services Authority
(FSA). The FSA does not regulate some forms of Mortgage, Inheritance Tax Planning, Credit
Cards, Personal Loans, Deposit Accounts & Insurance. If you are submitting an online request,
we would advise to read our KeyFacts statement, links are at the top of this page.
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