We can arrange property development finance for projects located in Bath.
To maximise the potential profit of a project, it is important to get the finance that is best suited to the property development.
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 Birmingham, it is advisable to contact a specialist property finance broker.
A bridging loan is a specialised loan that provides short term finance quickly.
Bridging finance may be a viable option for property developers as they offer:
Typically, bridging loans come with the option to ‘roll up’ interest to pay at the end of the term of finance. This allows property developers to avoid monthly interest payments and use their money to further progress the project.
Some lenders are prepared to provide experienced lenders, with a proven track record, up to 100% of the purchase and development costs for a property. In order to secure this type of finance the developer will need to provide evidence of previous successful projects. As a result, inexperienced developers cannot obtain this type of property finance.
Development finance may provide:
Developers may be able to secure development finance through a joint venture. A joint venture is where two or more developers pool their resources to complete a project. Joint ventures are popular with inexperienced developers, as they may supply the funding required and potentially provide the experience needed to secure finance in the future.
Development exit finance is usually used by developers whose project has concluded or is close to completion. It may be an attractive source of development finance, as developers may be able to use it to switch to a lower cost loan in the middle of their term of finance.
Developers could use development exit finance to access lower interest rates that could relieve the financial pressures on their project.
In the event that a developer is unable to repay their existing loan in time, development exit finance could be used to repay the loan before the end of finance to help avoid incurring any potential penalty charges.
If you require property development finance for a project in Birmingham, you should speak to an advisor 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.