If you need some extra money when developing your property, you may be able to apply for property development finance.
Developing your home on a plot of land or refurbishing an existing property can be costly. If you don’t have these finances available, you’ll need to apply for a property development finance loan. These loans are used for everything from buying the plot of land to financing each step of the building construction.
Since there are no set rates for the loans offered, it can be difficult to know whether you’re getting a good rate on the loan or not. Our loan advisors are able to judge the entire market to find you the best rates on your development loan. We work exclusively with lenders to find deals that others can’t find.
We also offer a comprehensive initial review of your situation, putting together a plan and notifying you of any financial risks. We can manage the entire process on your behalf, including any documents and negotiations with the lenders.
Why Choose Rite Mortgages for Property Development Advice?
We’ve worked with a variety of clients looking to build everything from small homes to large commercial buildings.
We offer access to exclusive rates that you won’t find from other lenders.
We’re dedicated to your project and will help you every step of the way.
We offer a free, no-obligation review of your development plans.
We’re directly Authorised by the FCA (Financial Conduct Authority).
Is Property Development Finance a Good Option for Me?
Property development finance is usually required if you’re not able to cover the full costs of a build with a self-build loan. The rates offered by most lenders can be difficult to judge if it’s your first build. Finding the right amount of money to ask for, picking the right interest rates, and managing the build is a complex task, but an extremely important one. If one part of the build goes over budget, the entire plan can end up costing you more in the long term.
We recommend you seek out accurate advice when approaching builds like this. Rite Mortgages is here to help you with every step of the process. We’ll keep an eye on the project as it plays out, notifying you of any delays or risks, keep in contact with your accountant, and streamline the process wherever possible.
Looking to upgrade a property?
Our mortgage advisors can help you find the money for a home refurbishment. Fill out the form below and we’ll search the market to find you the best deal.