Development Finance

We can assist you with obtaining development finance whether you are a Builder, Landlord, Property developer or looking to Self-Build on a plot of land. As getting the right short-term funding can ultimately make the difference between the success and failure of your project, we can advise and a recommend a suitable product that will enable you to obtain the funding whether it is a ground up development or a refurbishment project. We will be happy to work with you regardless of whether you are an experienced developer or you are taking your first step to becoming one. We have included answers to some common questions below that we get asked about development finance.

About Us

Cubic Financial Services is dedicated to providing clients with expert advice on Mortgages (Residential & Buy to Let) & Protection (Life Insurance, Income Protection, Accident Sickness & Unemployment insurance). We are also able to assist you if you have any Commercial, Bridging & Development Finance requirements. We are committed to putting clients at the heart of everything we do and to developing long-term relationships with our clients. This is achieved by ensuring that we understand the individual needs of each client.

Whilst we pride ourselves on the friendly and approachable nature of our advisers and on being an integral part of the local community in Slough and surrounding areas, we at Cubic Financial Services are keen to help clients nationwide, to ensure that you have access to the right advice regardless where you live.

Development Finances Frequently Asked Questions

How much can be borrowed?

Up to 100% of the build cost or 60% of the value of the Land or Property.

Are these loans limited to New Builds?

No, you can obtain development finance for new builds, conversions and refurbishment projects.

How long can I have the finance for?

This varies from lender to lender, but can potentially go up to a maximum of 30 months.

Is the funding only to be used to cover the cost of building materials?

The loan can be used to purchase materials as well as cover the cost of labour/contractors.

Can I obtain funding if I want to build a house for myself to live in?

Yes you can. However, as the development loan is only short term, upon completion of the build a residential mortgage is likely to be the right option should you wish to continue to reside in the property going forward, this is something that we can also advise you on.

What sort of projects can I carry out using the loan?

Barn, loft, garage and commercial to residential conversions are all types of projects that you can undertake using the funds from the development loan. You can also use the funds to build a single house, cluster of houses or apartments.

Should the necessary planning consents be in place prior to the application for development finance?

Yes, the lenders will need these to assess your application.

Will I receive all the funding at the start of the project?

The funds are released at different stages during the project. Upon completion of a stage and commencement of the next, the funds can be drawn.

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