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Advantages of development finance

What are the pros of our development finance?

Development finance is open to experienced property developers, builders or first-time developers to build a new property or convert an existing building.

In short, we are here to help you get your project off the ground.

We can help you to build a new home or a commercial property, either for an investment with the intention of selling on the property or for your own occupation.

How does development finance work?

Many people have dream projects in mind but do not know where to start.

Property development loans help people to achieve their property goals, whether through

  • renovating their homes or
  • updating an old property with the intention of reselling it.

The maximum amount you can borrow with us is up to 55% of the proven gross development value of the finished project and up to 100% of the build costs.

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The proposed site would need to have planning permission, or can be agreed subject to planning.

Depending on the lender and experience – as we grant all loans on a case-by-case basis – you could borrow up to 100% of the build cost.

We offer loans ranging from £100,000 to £2.5 million and lower rates for £1 million-plus transactions and 6-12 month borrowing terms.

What are the main advantages of development finance?

Property development finance is the most extensive borrowing facility currently available on the UK market.

We can help you to get your project off the ground, as long as you have a clear plan in place.

With the backing of a property development finance company like Hunter Finance, you can:

  • secure money on properties and plots that may be considered unsuitable
  • or impractical by other lenders, such as derelict and disused buildings.

Whatever your plans are for the plot, be it a new home for yourself, or a residential development, development finance will support your project from start to finish.

The structure of development finance makes it very appealing to many builders or first-time developers.

Finance provided can be repaid relatively quickly, keeping borrowing costs low.

Interest is only charged on the funds released, which can help when looking at the overall costs, as funding is released periodically throughout the project.

At Hunter Finance, we do not discriminate against smaller projects.

A client looking to update their home is as important as one that is building a new housing development.

There are no limitations on how much can be borrowed for an individual project.

If it is deemed viable and the plans are in place, our financing plans could cover up to 100% of the costs of your project.

Why should I choose Hunter Finance?

It’s true that there are many development finance companies out there, but we want to save you the time and hassle.

We have a wealth of experience, a dedicated development finance team, and we don’t rely on other financial institutions, taking the hassle away from your project.

So, whether you’re an experienced developer, building a property portfolio, or looking to develop your first property, we can help.

Contact us today for initial guidance on financing your project.

More on the key features of our development finance:

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If we can help you get the best rate on a loan we will say so, if we can’t we will be able to point you in the right direction or suggest alternative financial vehicles.

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