Development Finance is funding which is designed to for construction, renovation or property conversions of both residential and commercial purposes. Learn more >
Development Finance FAQS
How much can I borrow with Development Finance?
Development Finance lenders consider different elements which will dictate how much you can borrow. These include a maximum against the value of the land purchased, loan to overall costs to do the work (LTC – Loan to Cost) and maximum loan based on the development’s final value (GDV – Gross Development Value) These figures vary greatly, lender to lender. Some lenders may lend 70/75% of a purchase, 100% of the costs to complete the project and up to a maximum of 70/75% of the GDV.
How much deposit do I need for Development Finance?
Will I have monthly payments on Development Finance?
What’s the process to apply for a Development Finance?
Do I need experience to apply for Development Finance?
How do the funds get released when the Development Finance is agreed?
Can I get Development Finance with bad credit?
How do I search for the best Development Finance deal?
How do I pay back the Development Finance?
Is there an alternative if I can’t get Development Finance?
Book A Call To Discuss Development Finance
If you have an enquiry and would like to discuss Development Finance in more detail, please get in touch or schedule one of our Development Finance experts to give you a call.
At MRG Private Clients, we believe in providing our clients with personalised guidance and support when it comes to making important financial decisions. We are based in Medway, Kent but offer our specialist mortgage services nationwide. Learn more about our specialist mortgage services >
Comments