What is development finance?
Development finance is a short-term loan specifically designed for property developers and investors looking to fund the construction or renovation of residential, commercial, or mixed-use properties.
Unlike traditional mortgages, development finance is more flexible, tailored to meet the unique demands and timelines of building projects.
Key features of our development finance
- Loan Amounts: From £100,000 to £25 million, depending on the project size.
- LTV: Up to 75% of the Gross Development Value (GDV).
- Term Length: Typically 6 to 24 months, with options for extensions.
- Drawdown Facility: Funds are released in stages as the project progresses.
- Interest Rates: Competitive rates tailored to your project’s risk profile.
- No Early Repayment Fees: Repay early without penalty if your project finishes ahead of schedule.
Who can benefit from development finance?
Our development finance options are ideal for:
- Experienced Developers: For seasoned professionals seeking fast and flexible funding for large-scale developments.
- New Developers: We can help first-time developers access the capital they need for smaller projects.
- Renovation Projects: Finance options for refurbishment or conversion of existing properties.
- Self-builders: Custom solutions for individuals building their own homes or small developments.
Why choose us for development finance?
- Specialist Expertise: With years of experience in the UK property market, our team understands the complexities of development projects.
- Tailored Approach: We don’t offer one-size-fits-all solutions. Every loan is tailored to your specific project and needs.
- Quick Decision-making: We understand the time-sensitive nature of development projects, and our streamlined process ensures quick approval and fund release.
- Nationwide Coverage: Whether you’re in London, Manchester, Birmingham, or anywhere in the UK, we can assist with your finance needs.
- Trusted Network of Lenders: We work with a wide range of lenders to provide you with the most competitive terms available.
How it works?
- Initial Consultation: Discuss your project and finance needs with our specialist advisers.
- Loan Proposal: We provide a tailored loan offer with terms suited to your development.
- Approval & Legal Process: Once you accept the offer, we move quickly to approve the loan and handle all legal paperwork.
- Drawdown: Funds are released in stages as per your project milestones, ensuring you only pay interest on what you’ve drawn.
- Completion & Repayment: Upon completion of your project or sale of the property, the loan is repaid in full.
Types of development projects we finance
- New Build Developments: Residential homes, apartment complexes, and commercial properties.
- Conversions: Transform existing buildings into residential or commercial units.
- Renovations: Major refurbishments and improvements to existing properties.
- Mixed-Use Developments: A combination of residential and commercial units.
Start your development finance journey today
At Signature Specialist Finance, we pride ourselves on helping developers bring their property projects to life. Whether you’re embarking on a small refurbishment or a large-scale development, our tailored finance solutions are here to ensure your project succeeds.
get in touch:
Signature Specialist Finance Limited, is registered at Lake View Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BJ. Company Register number is 13802607. We are registered with the ICO, ZB673067 and you can check via www.ico.org.uk.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.
We may receive a commission from the Lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Our aim is to provide you with a professional and efficient service. However, there may be occasions where you feel this has not been achieved and should you wish to make a complaint about any aspect of the service we provide to you, you can do this by writing to Lake View Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BJ, or by telephoning us on 01782 617600 where we will try to resolve your concern at the earliest time possible.