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DEVELOPMENT FINANCE

Property Development Finance is available to developers and investors with a track record in residential development and/or refurbishment.

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Development Finance

This property finance is specifically for refurbishment or construction of a project as well as contributing to property value / purchase.

We can arrange property development finance for:

Residential and commercial properties
New Builds
Refurbishment
Conversions
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TYPES OF DEVELOPMENT FINANCE

Diving into the realm of development finance opens up a spectrum of opportunities, each tailored to specific project requirements. Here’s a closer look at the distinct types of development finance available:

Construction Finance: For those looking to build new properties or developments from the ground up, construction finance provides the necessary capital for every stage of the project. From land acquisition to project completion, this financing option ensures seamless progress and efficient use of funds.

Refurbishment Finance: Renovating existing properties to enhance their value? Refurbishment finance supports property upgrades, renovations, and improvements. Whether it’s a residential property, commercial space, or mixed-use development, this finance streamlines your refurbishment plans.

Conversion Finance: Converting properties from one use to another, such as turning office space into residential units or transforming a warehouse into a creative hub, requires specific funding. Conversion finance caters to these projects, ensuring smooth transitions and optimised financial support.

Development Finance: For those focused on unlocking the potential of land by obtaining planning permission for new developments, land development finance provides the necessary capital. It covers the costs associated with obtaining approvals, infrastructure development and preparing the land for construction.

Each type of development finance aligns with distinct project requirements, ensuring that your property development journey is supported by the right financial solution. Our team at BiG Property Finance is dedicated to helping you navigate these options, ensuring you secure the financing that best suits your development endeavours.

PROPERTY DEVELOPMENT FINANCE RATES AND FEES

At BiG Property Finance, we can provide finance to carry out the refurbishment or construction of a project, as well as contributing to the property value/purchase. We offer property development finance of up to 78% loan to costs, including land value, construction and fees. This product is available to individuals and companies with a track record in development and/or refurbishment.

At BiG Property Finance, our dedicated team guides you through each step of the property development finance process. From project evaluation to successful completion, we’re committed to ensuring your development project thrives with the right financial backing.

BENEFITS OF DEVELOPMENT FINANCE

Property development finance stands out with tailored solutions that cater to the unique demands of development projects, ensuring you have the right funding at every phase. Offering flexibility in loan terms, repayment schedules, and interest rates, development finance allows developers to match financing with project needs for optimised support. Staged disbursements enhance cash flow management, while the ability to leverage external funding helps maximise investment returns. With swift approvals and expert guidance from lenders like BiG Property Finance. This structured approach minimises risks, providing security in navigating the dynamic property development landscape and ultimately contributing to successful and rewarding ventures.

WHY GET DEVELOPMENT FINANCE WITH US

Selecting BiG Property Finance for your development finance needs guarantees unmatched support and success. Our offering stands out due to our industry expertise, tailoring solutions to match your project’s unique requirements. With a broad network in property and finance, we connect you to valuable resources. Our commitment to transparency ensures you fully understand terms and costs. speed, efficiency, and customer-centric approach align with your project timeline and priorities. Our proven track record of successful projects solidifies our position as a strategic partner dedicated to your achievement. Let BiG Property Finance guide your property development journey towards growth and excellence.

Please note these fees represent our best rates which are subject
to location and underwriting.

Interest rates 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.

Have any

Questions?

We’re here to help. Feel free to inquire about any aspect of our services or seek advice on your unique property finance needs. Just send us a message and you’ll receive a response shortly

WHAT IS DEVELOPMENT FINANCE?

Development finance is a short-term loan for residential property developments such as construction projects. It is usually advanced as a loan towards land purchase and a loan in stage payments for development costs in converting a property into flats or HMO’s.

VIABILITY & PROJECT ELIGIBILITY

We will consider property development or refurbishment that is predominantly residential in terms of the finished product. Experience relating to the project will help any application but this isn’t always a requirement if you have an experienced and professional team in place.

WHAT WOULD BE AN ACCEPTABLE PROJECT

An acceptable project could be the purchase of a property to convert into flats, bed sits or HMO’s or a new build apartment or housing scheme.

WHO QUALIFIES FOR DEVELOPMENT FINANCE

Experience relating to the project will help any application but isn’t always a requirement if you have an experienced professional team in place to carry out the works.

FACILITY SIZE

£150,000 to £5,000,000

LOAN TO COST

BiG will provide a facility of up to 78% of the cost of the project, costs including;

  • Purchase or Value of the property
  • Purchase costs (stamp duty; introduction fees; legal cost etc.)
  • Design Team Fees (architect; engineer; planning; warranty; insurance; S106; Surveyor; building regs. etc.)
  • Construction/Refurbishment
  • Sales & Marketing (agents; brochure; show house etc.)
  • Finance (Fees and interest for the loan)

COVERAGE

We will consider providing property development finance for suitable locations anywhere in England and Wales.

TERM

4 months to 2 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.

HOW DO I APPLY FOR PROPERTY DEVELOPMENT FINANCE

Simply complete our online application form and one of our Sales Representatives shall be in touch with you shortly.

Testimonials

Amazing support by the team and really quick turnaround. I can highly recommend BiG Property Finance and we work closely with them 🙏🏼

Simone Rose

Dan and the team always get back to you when they say they will

Steve Goulden

Working with Dan is simple and easy with quick responses and a desire to support wherever possible.

Ashley Clements

Excellent Service always. Great team

Carl Smith

Top Quality - That refers to both the staff and service. We here at Winning Commercial Finance Ltd are delighted with the service offered by Mark, Dan, Kate and Charlotte in several deals we have completed for our clients. Always completing on time which is particularly critical with bridging loan deals.

Tim Winn

Why choose BiG Property Finance?

SPEED OF RESPONSE

COMPETITIVE FINANCE RATES

PRIVATELY FUNDED

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