Finance Rates from 1 - 18 months Rates up to 80% LTV As at 21st June 2019 Finance Rates from Up to 30 months Rates up to 70% of GDV As at 21st June 2019 Finance Rates from 1 to 18 months Rates up to 75% LTV As at 21st June 2019
Buying, Renovating & Selling (or Letting)
Ground Up Development
Refinance & Exit Finance
Finance Rates from
1 - 18 months
Rates up to 80% LTV
As at 21st June 2019
Finance Rates from
Up to 30 months
Rates up to 70% of GDV
As at 21st June 2019
Finance Rates from
1 to 18 months
Rates up to 75% LTV
As at 21st June 2019
We are independent and work with a range of UK lenders many of whom are specialist lenders that are not available on the high street. We pride ourselves on providing excellent service responsive to your needs.
Development finance is the money that funds property development. Typically, this will cover new building projects, including new homes, conversions of offices into flats, renovations of existing property on a residential, commercial or mixed basis.
One of the biggest issues for new property developers is accessing money to start their project. This is mainly because the majority of lenders are reluctant to lend to developers without a portfolio or a history of successful developments.
The lenders’ requirement for proven experience in property development may frustrate new developers, fortunately securing property development finance may not be an issue depending on the project. Through a specialist property finance broker new developers may be able to access funding for their project.
Short term finance provides a fast, alternative route to funding for new developers.
Property developers use short term finance for a variety of projects including:
If you are a new developer and you require short term finance to assist with your project, it is advisable to contact a specialist property finance broker.
Bridging finance is a type of short term loan that provides additional finance to ‘bridge’ the gap in funding. Unlike traditional lenders, bridging finance providers do not necessarily need evidence of previous property development experience. There are a number of lenders that will consider providing bridging finance for inexperienced developers on a case by case basis.
Bridging loans can assist new property developers because they:
It is important to note that bridging loans generally have higher interest rates than loans from traditional lenders. However, the majority of lenders help borrowers avoid monthly interest payments by ‘rolling up’ the interest on the loan to pay at the end of the term.
Example: A developer wanted to purchase a £200k property, spend 25k on the development and sell it on for 300k. They had some of their own capital but not enough to cover the purchase and development costs. Unfortunately, as they did not have any property development experience, they could not secure the £225k that they needed from their bank. So they approached a lender and secured 130k and 25K, which equated to 65% of the property’s purchase price and 100% of the building costs. They used the rest of their capital to purchase the property. On completion of the development, the developer sold the property and repaid the loan with the proceeds of the sale.
Working with a specialist broker to secure development finance if you are a first time developer can save you time and money.
Arranging development without professional assistance can be a long and drawn out process, with no guarantee of success. This is because almost all lenders are reluctant to lend to inexperienced developers due to the amount of risk involved. When developing a property, organising adequate finance can be lengthy and complex. In the event that development finance is required, it is advisable to contact a specialist property finance broker to ensure that the loan is appropriate, with fair terms and at the best available rates.
I approached Clifton Private Finance to help me get a mortgage as an Expat working in the Far East. I would normally 'cut out the middle man' on something like this and try to get myself a deal directly with the banks, but I am now sold on the broker concept and wouldn't hesitate to use Clifton Private Finance again. There were a number of complicating factors such as being an expat, the stamp duty holiday, the sheer amount I wanted to borrow and the fact I wanted it all wrapped up before the Stamp Duty holiday ended. It is clear to me now that the relationship that brokers have managed to foster with their banks means they can simply pull levers and make stuff happen that us ordinary folk cannot. Put simply, they are worth every penny, will take most of the stress out of the lending process, and seem to have access to deals that you just won't find on the internet. Thank you George and Jan for all your hard work!
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.