What is Development Finance?
To begin with Development Finance is a short term funding option which is used for many property projects. For instance regulated self builds to the construction of multiple units for profit.
There are many uses of development finance. These include:
- Help to purchase land,
- Build new properties
- Renovate existing properties
- Convert unused buildings such as barns and churches into home or office spaces.
In addition we work with a panel of lenders who can provide 100% of the funds needed. This can help with the purchase, development costs or even both.
Type of projects funded by Development Finance
- Single Property
- Multiple Properties
- Block of apartments
- Renovation of Property
- Office blocks
- Self Build Homes
- Property Development (Commercial)
- Property Conversion (Private Use)
Where can I get Development Finance?
Development Finance is offered by both High Street Banks and Alternative lenders.
However the number of High Street Banks who provide development finance has reduced over the years. This has led to an increase in alternative lenders.
In contrast the key advantage of using an alternative lender is that a development loan can be arranged far quicker.
We have products available for:
- Land with or without planning in place
- Commercial to residential conversion
- Commercial development schemes
- Residential development schemes
- Exit development finance
- First-time developers through to professional builders
- Finance available for pre-sold off plan projects
Why All Star Funding Solutions?
In addition to working with a varied panel of over 200 UK lenders we can help with all types of Development projects. We know these come in all shapes and sizes. We are here to help whether this be a £5,000 refurbishment of a buy-to-let flat to a multi-million pound construction project.
How to apply for Finance?
Of course we try to make applying for Finance is very simple. Click the link below or call 0161 8211478 to speak with one of our specialists.
Finance approval is subject to status and terms and conditions apply.
Finally as members of the Financial Intermediary and Broker Association you can be assured of a great service. https://www.fiba.org.uk/
Finance approval is subject to status and terms and conditions apply.
