Development Finance

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 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.

Self Build

We are able to assist with Self Build mortgages. These are different to standard Residential mortgages even though you’ll be building a home reside in.

Building Development

This can be quite a stressful process even aside from obtaining the funding. Tasks such as planning approval and project management can themselves be quite cumbersome. Allowing us to assist you in obtaining the finance will at least help you to focus instead on ensuring that the project is delivered on time and within budget.

Landlords

Landlords who see an opportunity to expand the size of their building with a view to generate a greater level of rental income should reach out to us as have access to a range of lenders who will be willing to lend in such situations.

Common Questions

We have included answers to some common questions below that we get asked about development finance.

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? a project?

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.

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Address

268 Bath Road
Slough
SL1 4DX

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Call us: 01753 463993

Opening Hours

Monday - Friday 8.00am - 8.00pm
Saturday - 8.00am - 1.00pm
Sunday : Closed

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Our Advice Process

Helping You Get The Funding That You Need

See the stages that we will walk you through to ensure that the advice is tailored to you

step 1

Building Plot or Site

The obvious but very time consuming task will be to find a suitable plot to build on or a site for development. You might be purchasing the site at a property auction or if it is an existing building you might even find them being marketed by a local estate agent.

step 2

Planning Application

Most projects will require some form of planning permission from the local authority especially where the is being built or changed. This will ultimately determine the level of funding that you will be able to get.

step 3

Underwriting & Valuation

Development finance products can be quite complex and the interest rates & lending criteria can vary quite significantly from one lender to the next. This is where we are able to search the market and recommend the suitable development finance product for you.

step 4

Sell or Remortgage

Development Finance is usually a much shorter term loan than a standard residential mortgage, typically 12-18 Months. After this point it is likely that you will want to put it up for sale or obtain a standard (Re) Mortgage to repay the development finance. We can assist with the letter.

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