Please note that the figures below represent our best rates which are subject to location and underwriting.

The following fees will also be applied:

  • Interest from 1.10% per month (subject to experience; location; loan to cost)
  • Arrangement Fee from 1% of the facility.
  • A Valuation Report for the land value; gross development value and build costs will be instructed by BiG and the cost will be paid for by the borrower.
  • The borrower will be responsible for our legal costs in setting up the loan, circa £1,200 to £2,500 depending on the property and loan structure.
  • A small fee of circa £250-£300 per release of charge will be payable to our solicitor on exit.
  • A Monitoring Surveyor will be appointed to issue certificates for the value of works against which BiG will release payments. Circa £400 per certificate.

Term

4 months to 3 years. We will always allow a minimum of 3 months extra to a facility period from the anticipated cash flow to allow for any unexpected delays.

Development Finance Enquiries

  • (Including size and mix of units)
  • (The amount you wish to borrow)
  • (Period of time to pay back your loan)
  • (please include basis of Valuation)

Development Finance Questions?

Please get in touch…