Development Finance
Whether your building property from the ground up, converting a commercial property to residential units, or building your own home, Charleston Financial can find the right development finance for you.
We work with UK’s leading development funders helping every type of client, from single individuals to large scale developers.
for a no obligation quote
I can confirm completion has taken place and the funds have arrived successfully in to my account today. I would like to thank you for all of your help and professionalism during this process, it has been straight forward and a breath of fresh air compared to some previous brokers I have experienced, and very much appreciated. I look forward to the next time we can do business together (hopefully sooner rather than later)
Personalised individual service
Everything we do is focused on providing the terms, speed and flexibility you need to make your project both viable and more importantly profitable!
Key Features of Development Finance:
- Terms up to 36 months
- Loans from £100,000 to £45,000,000
- Lending up to 90% loan to cost
- Up to 70% of the GDV
- 100% of construction costs
- Commercial and Residential development
- Ground up, conversion and refurbishment
- Fast turnaround
- VAT loans for land (up to 4 months)
- Lending in England, Wales, Scotland and Northern Ireland
- Available to individuals, limited companies and partnerships
- Part completed sites
- Development exit finance available
What is Development Finance?
Development finance is a short-term loan used to fund building projects that can range from a single property to be used as your own home, to a large scale ground up development of multiple houses or apartments.
The loan is usually geared around the gross development value (GDV) or end value of the project.
You will be expected to put some of your own funds into it, typically around 35%, but lenders can often provide 100% of the development costs, up to a percentage of the GDV, which is normally around 65% to 70%.
The funds will be released in stages, which the lender will agree with you at outset as part of the development appraisal.
The interest on a development finance loan can be rolled up or serviced monthly and the loan can be repaid by the sale of the units at the end of the development, or by the refinance of the debt onto a buy to let loan if the intention is to retain and let the properties.
The specialist development team at Charleston are able to assist with all types of development enquiries and have strong relationships with all the UK’s leading development finance providers.
Development Finance can be arranged under the following circumstances, but not limited to:
- Self-build projects
- Multi-Unit ground up developments
- Conversions
- Light and heavy refurbishments
- Residential and commercial developments
- Blocks of apartments
- Projects across the UK
Agreement in principles and Indicative terms available from as little as 1 working hour of receiving your enquiry. No upfront fees, application fees or commitment and you are under no obligation to proceed.
