We can arrange property development finance for projects located in Bath.
It is important to pick the property development finance that meets the requirements of the particular project. This is why deciding on the most suitable finance will depend heavily on the property development itself.
Property development finance is suitable for developments, refurbishments, renovations and conversions.
Property development finance providers rarely deal with the general public. Therefore, for those who wish to complete a development project in Bath, it is advisable to contact a specialist property finance broker.
A bridging loan is a source of short term finance that may be accessed quickly. Bridging loans are becoming a popular choice for property developers who need a large amount of money in a short period of time.
Bridging finance could be the best course of action for property developers as they offer:
Bridging loans are flexible, as the majority of lenders will provide the option to ‘roll up’ interest to avoid monthly payments. This means developers can potentially opt to repay the bridging loan and the interest at the end of the term of finance.
Development finance can be secured by a developer with a proven track record of successful developments. This means that experienced developers may be able to obtain finance to fully cover the purchase of a property and the development costs.
Development finance may provide:
It should be noted that this type of development finance is not available for inexperienced developers.
It is possible for inexperienced developers to access development finance through a joint venture. New developers may be able secure the funding they need by pooling their resources with an established developer.This also provides new developers with the experience they need to gain funding in the future, whilst getting the finance in place for their current project.
Development exit finance is commonly used by developers whose project has concluded or is nearing completion.This type of finance allows developers to swap their existing loan for a more desirable one, in the middle of their term of finance.
This would be beneficial for those developers in danger of defaulting on their existing loan and wish to avoid paying additional charges.Development exit finance may give a developer access to lower interest rates and potentially increase their overall profit.
If you require property development finance for a project in Bath, you should speak to a financial specialist as they will recommend the appropriate finance for you and your particular set of circumstances.
To find out more about your finance options, call us today on 0203 900 3040 or use our simple contact form to get in touch.
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
I have received fantastic service from your company from my first moment of contact. Adam Arnott has been dealing with my application and has kept me informed throughout the normally stressful process.