Development Finance

If you are building a property from scratch, or taking on a light or heavy refurbishment of an existing premises, you will need development finance. Such loans are usually set up on a short-term basis to fund the project. After which time you either sell the property at a profit and pay back the loan, or refinance. You can either live there yourself, or rent it out.

Unlike a standard mortgage where the lender advances a purchase of the sale price, with development finance broker the lender assesses the value of the property and then offers a loan based on the predicted value once the development work has completed. Standard high-street lenders do not offer finance; you will need a specialist lender.

This is where SWG can help. We are a whole-of-mortgage broker and have excellent relationships with specialist lenders offering development finance. We can advise on the right lender to approach for your particular project, helping you structure the application in such a way that you get the best possible terms.