Development Finance
Development Finance deals
Comparing mortgage deals is daunting when you’re starting out. So we put all our latest offers – sourced via our expert comparison tool – in one place. Our mortgage advisors will happily talk you through them.
Development Finance calculators
You’ve seen a spectacular property. In your dreams you already live there – but can you afford it? Introducing our mortgage calculator, the most reliable tool in the business when you need to number crunch fast.
Development Finance calculators
You’ve seen a spectacular property. In your dreams you already live there – but can you afford it? Introducing our mortgage calculator, the most reliable tool in the business when you need to number crunch fast.
Development Finance information
When you’ve worked hard to buy your first home, securing your first mortgage shouldn’t be taxing. Jargon-free and user-friendly, our mortgage guide tells you all you need to know.
Let Us Guide You
Check out our essential guides on all you need to know about the mortgage process.
How much deposit do I need?
When it coms to putting down a deposit to buy a property, the more you can save up, the better.
Do I need life insurance?
Protection for you and your family should the worst happen.
What are the different types of mortgage?
With so many different mortgage deals to choose from, finding the right one for your individual circmstances can feel difficult to find.
Development Finance FAQs
Development Finance provides short-term funding (6-24 months) for property projects like new builds, renovations, or conversions, covering land acquisition, construction costs, and professional fees. Loans range from £100k to £25m+, with funds released in stages (drawdowns) as milestones are met. At Property Finance Choices, we secure competitive rates (6-12% interest) and structure deals around your project’s gross development value (GDV) and exit strategy—whether selling, refinancing, or renting. From ground-up developments to refurbishments, we’ll match you with lenders who “get” your vision!
Loans typically cover 50-70% of land/construction costs and up to 100% of build costs (based on GDV), with total LTVs reaching 60-75% of the project’s end value. For example, a £1m GDV project could secure £500k-£750k. We’ll assess your experience, planning permissions, and profit margins to negotiate maximum leverage, ensuring you keep cash flow healthy and risks manageable.
Lenders prioritize experience (past projects), a solid exit strategy (sale/refinance), and planning permissions. A 20-30% deposit (or equity in land) is typical, alongside a contingency fund (10-15% of costs). Bad credit? No problem—we work with specialist lenders who focus on project viability over personal credit blips. Share your plans, and we’ll handle the rest!
Costs include interest (monthly or rolled up), arrangement fees (1-3% of the loan), exit fees, and valuation/legal charges. We’ll provide a transparent breakdown, negotiate lower fees, and structure repayments to align with your project’s cash flow—so you stay on budget and profitable.
Approval takes 2-4 weeks once documents (planning permission, costings, CVs) are ready. We fast-track applications via our lender network, ensuring prompt drawdowns at each project phase. Delays? Not on our watch—we’ll keep your build timeline intact and stress levels low!
