Getting the finance you need for residential development
Residential development finance supports the purchasing of land and helps to cover building costs. Whether you’re planning to build a single house or a block of modern apartments, development finance can help turn your idea into reality.
There is a range of competitive and flexible finance options to help get your development project up and running. We’ll consider your unique needs to pair you with the right lender.
From high street banks and investment companies to specialist property development lenders, we’ll provide impartial advice and recommendations based on your requirements.
Why work with our development finance advisers?
The right loan must align with your financial situation, estimated revenue, and post-development plans.
At Mortgage Synergy, our experienced team of residential development finance advisers is here to ensure you’re approved for a loan. We understand the complexities of property development, so we always take the time to fully understand what you want to achieve and your long-term goals.
Finding you the right loan for your development plans
Loans are a big financial commitment, and we know there are lots of factors to consider and terms to understand. Our team will explain everything, including the types of loans available, interest rates and exit strategies. From assessing your finances and completing your loan application, all the way through to seeing you turn your development blueprints into a reality, we’re here for the entire journey.
We’re here to:
- Explain your options and cater to your needs
- Ensure you have correct documentation. E.g. planning permission
- Get your loan application approved
- Make you aware of the fees and charges you may be liable for
- Break down complex terminology
- Answer all your questions.
Our years of experience awards us with direct access to all the lenders on the UK market. We aim to search the market on your behalf and present you with a range of competitive quotes. It doesn’t matter if you’re a seasoned proprietor or a first-time developer, we’re here to understand your vision, goals and its unique requirements.
Let our residential development finance advisers secure you a market-leading loan for your grand plans.
FAQs
Most property development lenders will provide a loan that covers no more than 70% of land purchasing costs and up to 90% of construction costs. This depends on the lender, as well as your experience. If you’ve had successful development projects in the past, some lenders offer higher loan amounts, as you’ll be seen as a reliable, trustworthy borrower.
It’s best to speak to your finance adviser, as they can assess your eligibility for the loan.
Yes. There are financing options available for first-time developers. These loans are arranged and managed by specialist lenders, so they know the nuances of applying for loans as a first-time developer. If you’re new to property development, get in touch. Our team is happy to help and offer expert advice.
We’ve helped many clients with a low credit score to secure a loan. If you’re concerned about your credit history, call us. We’re fortunate to have access to all the lenders on the UK market, so even if you have bad credit, there’s a lender out there for you.