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Any Credit HistoryMarket Leading RatesJoint VentureMezzanine FinanceQuick DecisionExpert AdviceDevelopment ExitNo Monthly PaymentsFast completions UK wideInstant answersNo upfront feesFCA regulated 667602Market leading ratesOpen 7 days until lateFree valuation and legal fees5* Trustpilot feedbackOur online development finance calculator will be designed to help you quickly and easily estimate how much you may expect to pay as a development finance loan client.
Start by putting the necessary information into our development funding calculator. You may then experiment with different loan terms, interest rates, and exit costs to observe how the outcome changes when you choose one product over another. For example, if one product has a lower borrowing rate but higher exit fees, and the opposite is true for another development loan, there will undoubtedly be a point at which one product is more affordable than the other, depending on the amount borrowed and loan duration, among other factors.
Our online development finance calculator is an amazing reference tool that produces extremely accurate results; however, it should only be used as a guide. Talking to one of our professional advisers will help you receive a far better offer, depending on your specific needs and borrowing conditions.
Lenders charge varied rates based on the type of development, the amount of investment you expect to make yourself, and the location of the project. Development finance is difficult at the best of times; therefore, it is critical that you get as much expert assistance and guidance as possible when applying for a loan.
When using our development loan calculator, you must submit the following information before the results are created:
Using our home financing calculator, numerous charges and borrowing fees will be calculated automatically. However, with so many lenders providing so many products, costs can vary greatly from one loan to the next.
The facility fee is the primary cost of borrowing that a lender will charge you for gaining access to a certain product. This is often calculated as a percentage of the entire amount borrowed, or GDV (gross development value).
Other expenses include appraisal, legal, and surveyor fees. To keep things easy, the calculator will quickly estimate these expenses.
Exit fees are a significant consideration when applying for development funding. This is the amount you will be charged if you settle your debt in full. Again, this is calculated as a percentage of the entire gross loan amount, or GDV, and is set at 1% by default.
Once you've entered the needed information, the calculator will provide a list of results. These are separated into the following:
When looking for property development finance it is important to identify the type of project being planned by the developer in order to access the correct funding product. Types of works can include:
New builds nearly always require development finance loans. Once the project is completed, developers may use development exit finance as a more cost-effective solution, but this cannot be done before the project is watertight.
To accommodate this type of project refurbishment finance is typically the correct type of loan to use, however if the project is larger than the norm, development finance may be a better alternative.
A refurbishment loan is a type of bridging finance generally used for property renovations. It can be used for various improvements including, installing a new roof, general structural changes, building an extension, refurbishment, and decoration.
Property investors or developers may want to buy property which needs development or completion work still doing and are unable to get funding from their bank. This is a typical scenario when a bridging loan is a suitable alternative.
Development finance loans are typically paid in one of the following three ways:
The total loan amount is paid in full, using the profits, when the project is complete, and the properties have been sold.
This usually happens when the developer wants to keep the development for either personal use or for rental purposes.
This type of short term loan is often used to fund a new development project before the current project is sold. It can also be used to give developers a bit of breathing space to complete minor works and find buyers.
Unlike traditional house or company mortgages, development loans are disbursed in phases from an agreed-upon lending pool. Lenders will normally restrict the amount of money they are ready to lend to no more than 65% of the land acquisition price and up to 100% of the building cost.
100% development. Finance is usually only accessible to experienced property developers who have undertaken similar-sized projects in the past. If you're a new developer or trying to fund a smaller-scale project, obtaining this amount of financing may be difficult.
In the UK, eligibility for development finance typically depends on several factors, including but not limited to:
Use our online calculator to determine the loan repayment terms for your desired development or construction project. Discuss your quote with us for a quick decision.
The purpose of the facility is to provide the developer with additional time to sell their completed development, while keeping costs as low as possible.
Qualifying for finance as a first-time developer can be challenging. This is why it is advised to seek support of an independent broker at the earliest stage.
Our products are suitable for large and small hotel development projects of all types, from repurposing existing properties to building new hotels from scratch.
Joint venture development finance works similarly to conventional development finance. However, no deposit needs to be paid and rates are typically higher.
Mezzanine finance, aka mezzanine funding, effectively enables property developers to 'top up' their first-charge development finance facility to access extra funding.
No Personal Guarantee (PG) development loans are effectively a form of unsecured funding for major property development and construction projects.
Whether your goal is to maximise the value of a property you plan to sell or to boost rental income long-term, a refurbishment finance loan could be just the thing.
Senior debt development finance is the primary source of funds in the form of a first-charge loan. It is considered a lower-risk facility on the part of the lender.
Stretched development finance can be the perfect choice for investors and developers looking to stretch their own equity as far as possible with borrowing for up to 90%.
'Light refurbishment' is used for cosmetic upgrades and minor improvements. 'Heavy refurbishment' is used to raise funds for structural improvements.
Commercial property development finance can be used to fund, build or develop a property or be used to expand your current business property or space.
Permitted development funding emerges as a financial solution tailored to specific projects where prior planning permission is not needed.
No matter the scale or scope of your ground-up development, lets work together to breathe life into your vision.
Working with developers nationwide, we provide access to flexible funding enabling the inception and realisation of high-value student accommodation projects.
Build to Rent is a property development strategy crafted specifically to cater to the rental market, diverging from the traditional focus on long-term home ownership.
