There are a range of property development finance options available to developers in the UK.
Below is an overview of some of the types of finance available.
Bridging finance can provide swift, short term finance that can be used to resolve cash flow issues. Bridging loans can provide a substantial amount of finance within a short period of time.
Bridging finance might be an attractive option for property developers as they offer:
Bridging loan lenders usually give borrowers the option to either pay the interest monthly or ‘roll-up’ the interest of the loan to pay at the end of the term of finance. The option to ‘roll-up’ interest is popular with developers, as it allows them to use their funding on the project itself and not on inconvenient interest repayments.
Some lenders will not provide any funding to new or inexperienced developers. However, if a developer can prove that they have a strong history of successful property developments then they might be able to secure up to 100% development finance. This means that it is possible to secure the entire cost of the purchase and the development of a property.
Development finance may provide:
Developers may be attracted to the prospect of securing 100% development finance, as it may free up more of their capital to invest in other projects.
Beaconsfield has strong transport links to Slough, Reading and London that make it a perfect location for commuters. The combination of the location and the reasonable house prices makes Beaconsfield a potentially profitable area for developers to invest in.
If you require property development finance for a project in Beaconsfield, call our specialist property finance team to discuss your options.
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!
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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.
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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.
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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.
C Jefferey
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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.
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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.
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