What monthly rates should you expect?

Loan to Value	Rates Starting From
up to 50%	0.52%
up to 60%	0.61%
up to 70%	0.67%
up to 75%	0.74%
80% +	0.80%

Your Path to Development Finance

The 4-step process for securing development finance loans.

1 Start a free online application

The only place borrowers can complete full applications online in less than 10 minutes. Avoid back-and-forth emails and sales calls and save valuable time with a streamlined process.

2 We review your application

After submission, each case will be assigned to one of our specialist brokers who will carefully review and match your case to the best lenders for you.

3 Compare Multiple Loan Offers

Within hours, you will get multiple full Decision-in-Principle offers from leading lenders. Review promptly and efficiently and choose your preferred option.

4 Loan Completion

Once a lender has been chosen, they have everything they need to immediately get things moving without delay, and funds can soon be drawn down in as little as days, after valuation and legal processes.

No credit impact • 15-minute application • Decisions in hours

How quickly can I get development finance approved?

Cases can be approved and drawn in as little as days for time sensitive cases. We collect all documentation from the start and have strong relationships with reliable lenders. This means we can move quickly.

What’s the maximum I can borrow?

We arrange development finance loans from £300,000+ up to £5 million and upwards. The amount depends on the property value and your individual circumstances.

Do I need perfect credit score for a development finance loan?

Not necessarily. Development finance lenders focus more on the property’s value and your exit strategy than perfect credit scores. We work with lenders who consider various credit profiles.

What are the typical costs involved?

Costs typically include arrangement fees (1-2%), legal fees (£1,500-£3,000), valuation fees (£500-£1,500), and monthly interest payments. We provide a full cost breakdown upfront.

What happens if I can’t sell my property in time?

Most development finance loans can be extended if needed, though this may incur additional fees. We also work with lenders who offer flexible exit strategies and can help restructure your loan if circumstances change.

Can I use development finance for commercial properties?

Yes, development finance loans are available for commercial properties including offices, retail units, warehouses, and mixed-use developments.

What documentation do I need to provide?

Typically you’ll need ID, proof of income, bank statements, property details, purchase contracts, and your exit strategy. We collect all the information lenders need to progress with your application.

How do development finance loans compare to traditional mortgages?

Development finance loans are faster, have higher interest rates, shorter terms (1-36 months), and focus on property value rather than income multiples. They’re designed for time-sensitive situations.

What is an exit strategy and why is it important?

An exit strategy is your plan to repay the development finance loan – typically through property sale or refinancing. Lenders require a detailed exit plan to ensure you can repay the loan within the agreed term.

Are there any restrictions on property types?

Most standard residential and commercial properties are acceptable. Some lenders have restrictions on ex-local authority properties, high-rise flats, or unusual constructions. We’ll advise on suitability during your application.

What happens at the end of the loan term?

You must repay the loan in full through your planned exit strategy. If you need more time, extensions are often possible but may incur additional fees. Early repayment is usually allowed without penalties.

Can I extend my development finance loan if needed?

Yes, most lenders offer loan extensions, typically for 3-6 month periods. Extensions can incur additional fees and interest, so it’s important to have a realistic exit strategy from the start.

Frequently Asked Questions

Up to 75% LTV

Maximum leverage

Up to 100% Costs

Maximum leverage

Up to 36 months

Flexible Terms

Rates from 5.95%p.a

Market Leading Rates

15 Minutes

From Enquiry to Fully Packaged Application

Days

To Complete Loans and Drawdown

Hours

Compare Full Loan Offers that won't change

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Apply for Development Finance Loans Online.

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Saving you time and money compared to your local finance broker with SaveMoneyMarket

Development Finance Types & Live Rates

Transparent pricing with no hidden fees. Apply and compare terms from all the lenders that match your situation.

Development Finance

5.95% per annum

Starting from

Up to 100% of development costs

Up to 18 months

Up to 75% LTV net of purchase price

£500k to £10m+

Up to 75% LTV net of purchase price

£100k to £10m+

For ground up development projects

Let's get started

Plus BoE base rate

Apply for All Types of Development Projects Now.

Permitted Development

Ground up Development

Commercial Development

Refurbishment Projects

Conversion Projects

Mixed-Use Development

A Representative Example.

A customer undertakes a residential development project with a total cost of £1,000,000 (including purchase and build costs). The lender provides a facility at 70% loan-to-gross-development value (GDV), resulting in a total loan facility of £700,000.

The facility is structured as follows:

£300,000 drawn at day one to assist with site acquisition.
The remaining £400,000 is released in monthly stage payments to fund construction costs, following monitoring surveyor sign-off.

The loan is priced at a variable rate of Bank of England Base Rate (BBR) + 6.0% per annum. At a current BBR of 4.0%, this equates to a rate of 10.0% per annum. An arrangement fee of 2% (£14,000) is added to the facility.

Assuming the facility is fully drawn for an average of 9 months during the build and remains outstanding for a further 3 months during sales, the interest payable would be approximately £70,000.

Arrangement fee: £14,000
Total cost of credit: £84,000
Total repayable: £784,000

The loan is repaid in full from either sale proceeds or refinancing onto term finance.
The overall cost for comparison is 11.2% APRC.

We do not offer personal or unsecured loans. Development Finance loans are short-term, secured loans available only to property owners and investors.

All loans are secured against UK property and are subject to valuation and approval. The minimum loan amount is £100,000. Your property may be at risk if you fail to keep up repayments on a mortgage or any other loan secured against it.