Property development finance gives you short-term boost to help you complete your project: a new-build, redevelopment or renovation of residential, commercial, as well as mixed-use property.

The economy is bouncing back and lenders are starting to look more favourably on new projects. However, development loans still tend to have higher set up fees than commercial mortgages. In addition, you may be asked to prove you are a responsible lender. This weill be easier to achieve by:

  • Having a portfolio of successfully completed developments
  • Owning the land for development
  • Securing a planning permission
  • Securing prospective buyers
  • Demonstrating rental demand

Advantages of the property development loan:

  • Money can be released in stages
  • There is an option of differing payments until after the sale of the project

The alternative would be to get a commercial mortgage. This may be a better solution for some developments – talk to us about your project and let’s talk about how we can help – call 01708 504455 or email Gary Taylor on gtaylor@gbpfs.co.uk