How to fund property development, see how to finance your development.
How to fund property development, the simple answer is there are many options to fund property development, these range from using all of your own cash a route we would not recommend as we so very often see developers start the development only to run out of cash at some stage in the construction it has to be said that in these circumstances it can be extremely difficult to get finance to complete the development as a rule of thumb lenders are wary of a developer who has run out of cash as it shows a lack of forward planning and or some unexpected costs that have arisen that have absorbed the whole of the contingency sum, we can fund for this situation but if you need it then you better have a fairly strong answer as to why you have run out of cash in the first place.
How to finance property development
By far and away the best way to fund a property development is with a development finance loan that will allow taking stage payments as each milestone of your project is reached, these payments drip feed the construction costs to you as they occur, all being paid to you a key stage of the development and approved by the lenders qs by way of a certificate confirming that the works have been completed to the value of the amount you wish to draw down.
Development Finance is used to fund property development by nearly all developers it is the traditional way of funding developments and allows a developer to deploy as little of their cash as they can this in turn allows more leverage on their funds which in turn will allow them to do more developments than had they used all of their cash on one project.
UK Development can arrange to fund for your development in most parts of the UK and have lenders who will go to as high as 90% of your costs, this will be more expensive than say 60% of costs but all options are available to you a quick chat about what you are looking to achieve is all we need to help get your development funded.
To get the ball rolling give us a call on 0800 138 6001 anytime 24/7 or you can talk to us on chat or complete the web form and we will give you a call at a time that is convenient to you.
What can you do now?
Get in touch you can call us anytime 24/7 or fill in the form on this web page and we will contact you to provide your quote.
With over 20 years experience you can be assured of the very best help and advice from our team.
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