Development Finance

Helping your business flying high

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development finance

Let us put you in touch with one of our financial experts who will give you impartial advice and help you find low % business loan deals for you.

why use us?

From the information you provide to us, our experts will search the market and find the most suitable products for you. If you are happy with the product on offer, we will handle all the necessary paperwork for you, including any relevant applications, to ensure that everything runs smoothly for you.

Quick Service

From just a few minutes completing some basic information, we will quickly search for suitable financial products for you.

Expert Advice

We’ve helped thousands of customers secure financial products and service so you know that you are in capable hands.

Reduced stress & time saving

Choosing the right financial product is time consuming and can be stressful, so remove much of this by putting it in the hands of one of our financial experts.

Reliable service

Whatever type of financial product or service you are looking for, our service is reliable and always matched to your own personal circumstances.

DEVELOPMENT FINANCE

What is Development Finance?
Development finance is used as a type of bridging loan for either for the funding of a new building or renovations of properties. However, using development finance is used for more specialist work. It can be used in 3 ways, either for residential, commercial property or mixed-use. This is mainly aimed at experienced developers and limited companies. However, it is also available to smaller builders whether they be sole-traders or freelance.

It is normally required for you to have provable experience in developing properties, however, some of our lenders will look at the case if you have employed experienced professionals such as an architect or an experienced builder.

How much can I borrow?
The minimum loan amount is £100,000, with some lenders having the maximum up to £50 million. Also, you may be able to get a 90% loan to cost on the loan as well as 70% GDV. In some cases, you may even be able to obtain finance that covers 100% of all build costs. Payments for this are normally paid in stages in order to reduce the risk to both you and the lender.

The term for the loan is typically between 6 and 18 months. However, some lenders will go up to 24 months for the term.

REQUEST YOUR FREE consulation

Contact Us

Our Office is open 9am-5pm from Monday to Friday. Please contact us by either phone or email, using the contacts below.

Phone number 01332 821340

Office Address 4 Chatsworth House, Prime Business Centre, Raynesway, Derby, DE21 7SR

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Contact us

Finance Advice Centre Ltd

Address: Raynesway, Derby, DE21 7SR.

Phone Number: +441332 821340

Email: mail@financeadvicegroup.co.uk

services

Finance Advice Centre Ltd is an appointed representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority in respect of mortgage and insurance mediation activities only. Finance Advice Group Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 624517.

Some types of buy to let mortgages are not regulated by the Financial Conduct Authority.

As a mortgage is secured against your property, it could be repossessed if you do not keep up the mortgage repayments.