Development finance is funding to help you turn a development project into a dream home or profitable investment. The most common reasons for applying for development funding are new builds, refurbishments or conversions and developing to let. We can offer:-
- Brokers with 20+ yrs’ exp - winners of 9 British Mortgage Awards
- Best bridging broker - highly commended British Mortgage Awards
- Free, friendly one-hour consultation and no-obligation quote
- Access to exclusive rates, with unbiased advice tailored to you
- Our team have access to over 11,000 products from 90+ lenders
- Development finance specialists - loans for any budget
Property development finance is funding for either major new building projects or comprehensive renovations. The requirements for your development project are unique to you – with no development being identical, all are underwritten by lenders on an individual basis.
Here at Coreco we’ll make sure that, after an initial consultation, our experienced specialists will guide you to the most appropriate lender so you can find the right development funding for your project.
If your intention is to develop the property and retain it upon completion for the purpose of letting it out (develop to let), then we can help you find the development funding you need. Funding can be agreed to purchase the property and allow for the immediate release of capital once the property is ready for letting.
Alternatively, the property you are interested in might be suitable security for a mortgage, but still needs upgrading or decoration (with no structural works required). We can help you find suitable funding for light refurbishment and, following this, the property can be retained or sold upon completion.
We’re not just restricted to light refurbishment funding – if the property requires more extensive work and is in need of structural works, such as for an extension, our team of experts can help you obtain the funding you need.
Securing development funding without full planning consent is usually very challenging – you should ensure you’ve carried out the necessary steps before applying for a development loan. Before seeking development finance it is essential to finalise planning consents and have all relevant documentation available to show your lender.