Whether you’re looking to invest in, purchase or remortgage commercial property, we’ve got a team of lending experts and a range of Commercial Mortgages for a variety of scenarios.
How it works
Development finance works differently to traditional mortgages. Usually, lenders assess the value of the property and then offer a loan based on that and the borrower’s eligibility. For development loans, lenders assess the predicted value of the property once the development project is complete.
Once you decide to undertake a property development project as a business, you may realise that some funding is needed to achieve the results you need. If the project requires what is referred to as work from ‘the ground up’ and you are essentially buying a plot of land, it’s likely that you will seek out development finance from a lender to help with the cost of the building work. However, development finance can cover a number of different types of projects, which can include:
- Residential properties
- Commercial properties