What Development Finance Options Do They Offer?
A loan from Lloyds Bank could help to pay for part, or even all of your home improvements such as:
- Improving a kitchen or bathroom
- Extending or adding new rooms to a property
- Creating off-street parking such as a garage
- Heating and insulation (such as double glazing and central heating)
- Landscaping a garden.
If you require property development finance Lloyds Bank may be able to offer:
- Loans from £1,000 to £50,000
- Terms of finance from 1 to 7 years.
- Flexible repayment options, with no early repayment charges
- Finance approved within 24 hours.
Lloyds Bank also provides the option to those who meet certain criteria to apply for up to two repayment holidays of one month in a rolling 12 month period. This gives the borrower some financial flexibility and enables them to skip a repayment when necessary. Due to the nature of property development and the possibility of cash flow issues during a project, this option is a huge advantage.
What Do Lloyds Banking Group plc Need To Know For My Application?
Lloyds Bank ensures that every loan is dealt with on a case by case basis, how much they lend and the rate of interest available is subject to the borrower's set of circumstances.
Finding The Right Development Finance For Your Project?
Sourcing the right finance at the right price for your development project is where Clifton Private Finance can help. We have access to a large range of lenders including Lloyds Bank and can assist depending on your project and finance requirements.
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