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“Private Finance provided excellent service securing a remortgage for my property even though it was not a straight forward case. They always kept me updated and was on hand to help and deal with any issues arising. Would definitely recommend Private Finance for their services, offering guidance and support throughout the whole process.”
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“Private Finance provided excellent service securing a remortgage for my property even though it was not a straightforward case. They always kept me updated and was on hand to help and deal with any issues arising. Would definitely recommend Private Finance for their services, offering guidance and support throughout the whole process.”
“Professional and proactive advice and service – secured me an amazing rate on my mortgage. The team were great with their communication and I always felt confident that things were progressing – completely took away any anxiety from a stressful process!”
“Private Finance have been fantastic in finding me the right provider and the right price. We have used them twice now, and both times the communication was fantastic, the options explained, and the rest of the paperwork dealt with. Would highly recommend.”
Development finance is a short-term funding option released in stages, used to cover the costs of residential and commercial development projects.
Whether you’re embarking on ground-up new builds or ambitious refurbishments, we are here to help you turn your vision into reality.
Depending on the type of project you want to embark on, there are several financing options available.
Let’s dive into some key distinctions:
In certain cases, your development finance may fall short of covering all the costs. This is where mezzanine finance comes into play.
Mezzanine finance bridges the gap between your available funds and the total financing required. It allows you to secure additional funds to complete your project successfully.
While mezzanine finance offers flexibility and the opportunity to maximise your project’s potential, it’s important to note that only a handful of lenders offer this option. Additionally, it typically carries higher interest rates, usually around 20-25%.
With access to over 50 different development finance lenders, we use our expertise to match you with the right lender that accommodates your needs.
We have successfully supported numerous clients in achieving their property development goals. Some of our team is even made up of property investors themselves. This means we can talk about more than just getting your finance sorted. We help a range of investors, big and small, from all around the world with their UK development projects.
While not all lenders accommodate development finance for every purpose, we work with a diverse network of 50 different lenders who understand the intricacies of various project types.
Each lender has unique strengths and areas of expertise. We will carefully select the lenders to approach based on your specific project requirements.
In some cases, a bridging loan may serve as an alternative to traditional development finance. With a bridging loan, you can raise funds against your existing property to kickstart a new development. This option is particularly useful when you need immediate access to capital for time-sensitive opportunities.
With more than 23 years of experience arranging mortgage finance of every type, our consultants have deep expertise in the finer points of the development finance market.
Here are some of the reasons that developers have trusted us with their development finance needs:
Good lender relationships are vital. We work with a diverse network of 50 lenders for development finance who understand the intricacies of various project types. Each lender has unique strengths and areas of expertise. We carefully select the lenders to approach based on your specific project requirements.
The wider financial markets play a big role in the mortgage market. This is why we partner with wealth advisers and accountants to draw on their expertise when needed to offer holistic advice to our clients and tailor advice to suit current and future needs.
With an average rating of 4.97/5 from more than 1,800 reviews, we offer a peerless client experience. We insulate you from the rigmarole of the mortgage process, so that you can stay focussed on your day-to-day.
With development finance, you get to take on larger projects and put in less of your own money. It allows you to expand your property investment quicker and hopefully, reaping the returns faster too.
Development finance is different to conventional loans as funds are released in stages.
For example, funds can be released to purchase a site, and then more funds are available to pay for the construction later on. The lender will check your progress at different stages to check against what information was given to them during the application process.
Different lenders have different criteria. We work with a diverse network of 50 different lenders who understand the intricacies of various project types, some of whom will lend multi-million pound loans. Typically, deposits will be required for land purchase, but you can get funding for the whole build cost.
You will need to demonstrate up front how you will repay the loan. This is normally through the sale of the property or properties, or it might be through a more conventional remortgaging loan. We can help with your exit strategy.
Property development finance tends to range from three months to three years depending on the size and complexity of the scheme.
Your home may be repossessed if you do not keep up repayments on your mortgage.