Property development finance can be used to fund varying sized developments from single unit builds up to large development projects involving multiple units. Whether it's a new build development, a single property development, a multi property development, residential property renovations and refurbishments, high class mortgage solutions will do all the work to secure the funding.
For those looking at new build schemes, finance for development can be tailored to facilitate the purchase of the land (with or without planning permission) and then provide the funds towards the cost of the build – in some cases 100% of these costs can be provided. A funding facility will be agreed, and the funds are then drawn down in stages, depending on the build schedule. Interest payments are only charged on the money drawn down, keeping cost as low as a possible.