Development finance
Development finance
Staged funding for building, conversion and refurbishment projects. Available from around £25k to £5m+ through our panel of specialist lenders.
Development finance funds building projects such as new builds, conversions and major refurbishments.
Good for
How it works
- 1
Tell us the plan
What you need, roughly how much and what it is for. No essays required.
- 2
We search our lender panel
We match your business with specialist lenders and explain the options in plain English.
- 3
You decide
Like an option? We help you see it through. If not, no hard feelings and no obligation.
The detail
So what exactly is it?
Development finance funds building projects such as new builds, conversions and major refurbishments. Funding is typically released in stages as work progresses, with a monitoring surveyor confirming each stage. It can cover land or property purchase as well as build costs, depending on the lender and project.
What can it be used for?
- New-build schemes
- Conversions and change of use
- Heavy refurbishment
- Extending business premises
- Mixed-use projects
- Development exit funding
What we'll need from you
- Site details and planning permission
- Build costings and a schedule of works
- Your experience and that of your professional team
- Projected end values and supporting evidence
- Programme and timeline for the work
- Information on your contribution to the project
Questions
How is development finance released?
Usually in stages against agreed milestones. A monitoring surveyor typically inspects progress on behalf of the lender before each release.
Do you need previous experience?
Experience helps, but some lenders will consider first-time applicants, particularly with a strong professional team. We will be honest with you about the options.
Does the loan cover the land purchase?
It can, depending on the lender and the project. We will look at how much of the purchase and build costs could be funded.
What happens when the work finishes?
The loan is repaid by selling or refinancing. Development exit finance can sometimes help bridge the time between completion and sale.
Business finance only. We only help with unregulated, business-purpose lending, for example to limited companies or for business use. We can't help with regulated mortgages, consumer credit or loans secured on a home someone lives in.
Also see: Business loans · Working capital and cash flow finance · Invoice finance · Asset finance · Commercial mortgages · Bridging finance
Ready when you are.
Get a free, no-obligation quote. Finance subject to status.