Here at developmentfinance.com, we offer funding to kickstart the creation of fresh properties. No matter the scale or scope of your ground-up development, every project presents its own distinctive challenges.
We’re by your side every step of the way, extending a development loan covering the land value, 100% of construction expenses, and up to 70% of the gross development value. Let’s work together to breathe life into your vision.
Our easy ground up residential development finance process
At Developmentfinance.com we’re deeply rooted in the property world. We understand the ins and outs because we’ve been there ourselves. We grasp the challenges of delays and navigating regulations first-hand. And we certainly know the elation that comes with seeing your project thrive.
Reach out to us, and our team of property and finance experts will have a chat with you. Tell us about your project’s requirements, and we’ll leverage our financial expertise and property acumen to craft a tailored solution, wherever possible.
Count on us for swift delivery of our offer of finance. With credit-backed terms, you can proceed with confidence and clarity. Once our streamlined verification process is complete, your drawdown date will be within reach. Focus on your expertise while we handle the financial aspects.
Frequently asked questions
Deposits for property development finance typically range from 30% to 40%, depending on the lender, project complexity, and your experience. Some lenders may require additional cash reserves to cover unexpected costs.
No, you cannot get a traditional mortgage on land without planning permission. However, some lenders offer specialised bridging loans for land purchases, but these are short-term and have higher interest rates. Obtaining planning permission before securing financing is usually recommended.
The amount you can borrow depends on several factors, including:
- Loan-to-gross development value (GDV) ratio: This ratio represents the maximum loan amount as a percentage of the expected property value after development. Lenders typically cap this ratio between 65% and 70%.
- Project feasibility: Lenders assess the project’s viability based on your plans, experience, market demand, and financial projections.
- Your financial strength: Lenders consider your personal income, creditworthiness, and existing assets.