Development Finance Vs Bank

Development Finance Vs bank

What is a development loan?

Property development loans are funding for either new building projects or extensive renovations.

The development loan is an advance of funds, secured by the land, to finance the purchase of land and/or existing properties plus the demolition and construction of the new houses and flats. See the lending process.

Hunter Finance offers development loans of £100,000 to £2,500,000 to be lent over a period of up to 12 months. We also supply fast and flexible bridging finance of up to £1 million over a period of up to 6 months.

Call our lending team to find out more about our property funding options.

Why choose development finance from private lender vs a bank?

Hunter Finance is a private lender: we are 100% privately funded, meaning all of the loans we provide come from our own money.

This enables us to make all of our decisions quickly and consider a much wider range of applications than a mainstream bank can.

We accept applications from developers who have been refused funding from banks and other lenders. Find out more about our lending criteria here.

Find out why you should apply to Hunter Finance with our top 10 reasons to choose us over a mainstream lender.

10 reasons to choose Hunter Finance:

1. Fast decision-making process – deal directly with the decision-makers
2. High acceptance rates
3. Rapid turnaround from application date to receiving funds
4. No intermediaries, brokers or middle-men to deal with
5. No extra fees or commission to pay
6. We consider all applications including complex cases
7. We lend to developers who have been refused by a bank or mainstream lender
8. We have personal experience and knowledge from developing our own properties
9. We offer continued support throughout your development
10. Our financial products are tailored to you

Cons of choosing a bank or mainstream lender

• Very strict lending criteria
• Low acceptance rates
• No ongoing support: no property expertise
• Decision making can take months and even longer to receive the funds
• A small range of property loan options for developers

At Hunter Finance we are here to help

Hunter Finance offers some of the best rates available for development finance in the UK.

We provide property developers with flexible loans of £100,000 to £2.5 million or up to 55% of the Gross Development Value of the Finished Development. Our loan terms are from 6 to 12 months. Click here to find out how development finance works.

As private lenders in the property industry since 2010, we use our expertise and local knowledge to fund successful and profitable new build projects in London, Berkshire, Sussex and the surrounding areas.

Keep up to date with the latest property finance news in the South East.

Call us on 01825 749721 to find out how we can help your project get started or click here to apply online.

Or for more information: read what to do when the bank says no, or why banks are turning down property developers.