The Money Centre works in partnership with the country's biggest lenders to tailor development loans to suit our clients and their properties. We are experienced in arranging loans for the development, redevelopment or refurbishment of commercial and residential property. Whether you are proposing to develop a greenfield or a brownfield site, on a speculative or pre-sold/ pre-let basis, we are confident that we can find the right loan for you. Our typical development loan terms are as follows:
Loan Amount: Minimum borrowing £100,000, no maximum
Loan to Value : Up to 70% of the land cost and 70% of the building costs
Loan Term: Up to 12 months
Interest Rates: Variable rates are generally set between 2% and 3% above the Bank of England's base rate.
Repayments: Repayment must be made at the end of the project from the sale of the property or via refinancing. Interest loans can be rolled-up during the project.
Lender's Costs: Most of our lenders charge a 1% fee for arranging the loan. It's payable on acceptance and can usually be added to the total loan amount.
Brokerage Costs: 1% standard charge
Additional Costs: Borrowers are responsible for all valuation costs and legal expenses
For a competitive property development loan quote fill-in our online application form
