Our lenders will get you building.
We are experts in presenting development projects in the best light to lenders helping you achieve the best terms. When packaging a development case we always look to address the following:
Lenders like the developer to put down a substantial value of the land as a deposit. If the land has planning permission most lenders will require a borrower to put down a 40% deposit, some will accept 35%. If the land does not yet have planning permission then the lender needs to decide what the chances of getting planning are, and what would happen if planning permission wasn't achieved. If they were comfortable with the risks they may still lend at 60% to 65% of the purchase price. If they were not comfortable, they would reduce their exposure substantially and perhaps lend only 30-40% of the purchase price.
One the loan is approved, the lender will appoint a professional surveyor. They will visit the site prior to each major stage, check the work has been done to the required standard and approve the release of the next tranche of funds to complete the following stage. We have a number of lenders who will fund 100% of the build costs, subject to a situation where they advanced no more than 60-70% of the Gross Development Value (GDV) of the project at any time.
Once a development is completed the development loan will either be repaid through the sale of the units, or by arranging a term mortgage. The term mortgage is based on the final GDV (Gross Development Value) of the project.
If the actual or estimated rental income (according to a local estate agent) is high enough a developer should be able to release up to 70% of the GDV of the project. This should repay all the funds used in the project, and potentially release some profits.
If poor cash flow is restricting the purchase of future development plots then it may be wise to release equity prior to the completion (or sale) of the project. We have a number of lenders that will allow equity to be released, whilst final touches are being made, or units are being marketed and sold. Sometimes this can mean that your work force can move straight on to the next site without a gap in work.
In order for us to start understanding your requirements we need you to complete our enquiry form.
Term mortgages secured against commercial property, or semi-commercial property. If you are buying or refinancing residential investment property then please use our 'residential buy-to-let' enquiry form.
If you are looking at buying a property at auction (or have won a property) we can help you get finance against it. You may want to develop it and sell it, or rent it out, we can get you the right product for your needs and FAST!
From experienced developers, to first time builders, from single units to large scale projects, we have a full panel of lenders and an experienced team of brokers to help find the right package for your needs.
If you are looking for assistance in financing piece of equipment, vehicles, or even software, we have a number of lenders that are willing to help, and team of experienced brokers to guide you through the process.
Using invoice finance will improve your cash flow and help your business grow. We have a range of invoice finance lenders who provide flexible low-cost options to help you release funds with slow to pay customers.
Individual units to large portfolios, blocks of flats to HMOs, we have lenders ready to lend on all types of residential property. They can be owned in your personal name, in a Ltd Co, LLP, Trust, off shore, on shore, you name it, we have lenders who can do it!
Our online quote system always you to upload your documents to us in a secure environment. Sign digitally and you can complete in minutes.
Our team of brokers are mostly ex-high street bankers with 15-30 years of commercial banking experience.
All deals start with an idea. Discuss your idea with us and we’ll tell you how you could fund it, and what to budget for.