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percy5566

Member since: 05.10.18
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Website: http://www.uk-development-finance.co.uk/

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Property development finance

Property Development Finance and Property Development Loans are short-term funding options, used to develop either an

existing building, i.e. refurbishment, conversion, or a new build. Development Loans are usually taken over a period of

between 6-18 months. This really depends on the type of Development; with a light refurbishment it would be as little as

3 months, and with a larger scheme up to 18 months.The thing to remember with any Development Funding is that you will

need to allow for a reasonable re-sales period to be factored into the loan period. If you do not take this into account

and your properties have not sold within the agreed loan facility, you could end up paying for another arrangement fee to

extend your Development Loan.

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