We have years of experience in helping our clients apply to finance their property development projects and we will guide you through the process. This will always start with a conversation with one of our consultants:-

• Initial enquiry – understanding you and your plans.  We will ask you to provide as much information about your project, estimated costs and business plan as possible before approaching lenders.
• Research the market and provide indicative terms.
• Site visit with prospective lenders.  Our lenders like to meet you on site to assess the project’s viability and this is where your relationship with the lender begins.
• Formal loan offer issued, once the lender’s credit team has reviewed all information.  This will include the terms on which they are prepared to offer, subject to valuation.
• Valuation of the land and planned project. This will include a valuation of the existing site, the expected Gross Development value (GDV) and commentary on the exit strategy once complete.
• Monitoring Surveyor Assessment This will be a detailed assessment of the build costs and set out an agreed draw-down timeline.
• Legal process. Once the offer is signed, you will need to appoint a Solicitor to represent you and the Lender will have separate representation. It is important that you choose a Solicitor with experience in dealing with the lending process.
• Completion of the loan.  The first payment is paid on completion, followed by further draw downs at agreed stages throughout the build.
• Repayment of the loan