What is it?
Development finance is mainly used for property projects to create new houses and apartments for residential use, but can also include commercial units, mixed-use properties and large scale conversions. First and second charge mortgages can be arranged for all of the above.
Everystep Financial experts have extensive knowledge of the market including an excellent source of lenders and will be able to advise you on all aspects of this bespoke type of lending.
Why choose it?
- Wide range of lenders, including mainstream banks, investment banks, specialist investment funds and private lenders with loans from £100k
- Most development projects considered, as are locations throughout the country, including first time developers. Up to 90% loan to cost (100% funding in certain circumstances)
- Interest rate margins as low as 3%