Property development loans that provide a day-1 purchase or refinance facility and a development facility to fund up to 100% cost of works tailored to suit your build.
Development Finance
Key features
Our development finance product is as unique as your property project as we provide solutions to support your build.
- Min loan size: £200k
- Up to 85% cost of works
- Deal by deal analysis
- No predetermined LTC or Profit on Cost
- Development Exit extension available
- 24 month term available
What we like
- Small & Medium Size schemes
- Ground-Up and Land with planning
- Airspace development & Mansard roof conversions
What we consider
- First Time Developers
- Large Scale Projects (£5m+)
- All Planning Opportunities
Facility overview
LTV
1st Charge
FROM P.M.
<50%
1.00%
<60%
1.05%
<65%
1.15%
<70%
Refer
<75%
N/A
Min Term
3 months
Min Loan Size
£200K
Max Loan Amount
£5M
Interest Method
Rolled or Retained
Cost of Works
85%
Max LTGDV
60%
Max LTC
90%
Profit On Cost
From 10% to 20% (project size dependent)
