Development Finance

  • Interest rates – Between 0.6% to 1.5% per month
  • Term – Traditionally between 9 to 18 months
  • Exit fees – 1% (Some lenders may offer no exit fee)
  • Arrangement fee – 2% (Taken out of the gross loan)
  • Traditionally up to 70% lent on purchase of the property
  • 100% of the build costs covered paid in monthly tranches in arrears
  • Monthly QS is required with most lenders at the cost of the applicant. (This is hard to estimate and fluctuates on a cases by case basis depending on the type of development and location)
  • Drawdown Fees – Some lenders will put a charge back on the applicant when they draw down the monthly tranches.
  • Legal fees – Once again this is hard to gauge subject to the size of the development.
  • Traditionally lenders will want to see a minimum of 30% profit in the development.

Info Needed

    (architect's drawings required unless it is a light refurb)

    We won't credit check unless you decide to go ahead with an offer.