Development Finances

Full Development Project

Commonly referred to as ground-up financing, many development lenders will offer funds to complete a project from the ground up. The amount you can borrow for a development project depends on the estimated Gross Development Value (GDV) of the property after completion. Lenders typically offer a percentage of the completed project's value, as unbuilt properties cannot have an assessed value.

Conversion Project

If you are looking to convert your property into your dream home, you may require funding from a specialist development lender. Conversion projects do not cover the development of a property's foundations but can finance the costs associated with converting existing structures, such as remodeling and changing internal wall configurations. While these projects can still be costly and time-consuming, they often require less investment than full development projects.

Heavy Refurbishment

Heavy refurbishment finance is a form of short-term funding used to support structural changes to a property that aim to increase its value. These loans typically last from a few months to three years, depending on the lender, and are generally used for larger projects costing £25,000 and above. Such projects may require permits and permissions and could include loft conversions or any work that alters the building's functionality.