Development finance is a mortgage or loan designed to help you fund the building of a property that you intend to sell or rent out once it’s complete. You might have a portion of your back garden you can section off for a new-build, or perhaps you have inherited an older property that you wish to knock down to make space for new homes or apartments. John Charcol is an expert in helping clients to arrange development finance for projects with planning permission throughout the UK.
Raising finance for a property development can be tricky, but John Charcol has decades of experience in the UK mortgage market to overcome these difficulties. Our property development finance brokers and can arrange finance for all kinds of clients and circumstances.
Development finance is a specialist area of the lending market because it is riskier for lenders than a standard mortgage. Rather than lending on an existing home that can be assessed and valued, you are asking a lender to loan money based on your plans, and your personal commitment, experience and tenacity to see your project through to completion.
As mortgage experts with years of experience in development finance, we have personal links direct with development finance specialists.
As long as you have planning permission and personal funding of around 30% to 40% of the overall project budget, we can help to organise development finance for a wide range of projects including:
To find out how we can help with your development finance, call us on 0344 346 3672 or enquire now.
Send us your details and we will help find the mortgage that's right for you:
No. You must have planning permission first
No. Typically you will need to fund at least 30% to 40% of the development costs yourself
Yes. Lenders will favour people with experience, but that doesn’t mean we can’t help if this is your first time.
No. We can help you purchase the land, as well as provide finance for the build.
Yes, between 12-18 months for residential building projects. Longer terms than 18 months become commercial mortgages, which is a separate product.