Smart Property Development Finance For Smart Investments
We guarantee the provision of secure funding for major property redevelopments and new build
projects to redefine all your investment dreams.
Why You Need Development Finance
Development Funding
Looking to finance some outcomes, but cannot get development funding from traditional institutions like banks due to a lack of incentives? At Mayfair Commercial Mortgages, our expert team can help you get secure funding from the best sources.
Commercial Development Finance
From getting development loans, UK for property refurbishments, to acquiring commercial development finance that exceeds the limitations of unsecured banking at traditional financial institutions, there is a lot you can achieve for the expansion of your business from Mayfair Commercial Mortgages.
Financial Planning For The Best Future
Mayfair Commercial Mortgages allows you to plan well ahead for your business and commercial sites by mobilising financial resources through partnerships among stakeholders and development funders, making otherwise impossible development outcomes very feasible.
What We Do
Reshaping Your Financial Future With The Best Development Finance Options
- We empower you and your finances with market-competitive rates and the added benefit of funding available up to 100% of costs and 70% gross development value.
- At Mayfair Commercial Mortgages, our highly trained finance team makes sure to only get the most suitable deals for you from the best lenders in the market.
- Our specialists understand the value of your money and time which is why they spare no effort in guiding you through their in-depth finance industry knowledge.
Success starts with smart saving and smarter finances, which is why we only offer expert financial solutions so that our clients’ investment stays protected.
Development Finance Features & Benefits
High Development Loans
Our dedicated team of brokers at Mayfair Commercial Mortgages understands your commercial property’s needs, which is why we collaborate with the most reliable lenders in the market to get you bridging loans from £500,000 to £25M.
Market Competitive Rates
With interest rolled up or charged monthly, we make sure to take care of all your commercial development finance and funding needs at the most market-competitive rates even for high-property investments.
Funding Available For 100% Costs
Other than the availability of high loan rates, we also offer funding for up to 70% Gross Development Value and 100% of costs, as well as development funding for multi-million pound new build developments.
How To Get Started
You too can get development finance and funding. Here’s how it works:
- You’ll call our team at Mayfair Commercial Mortgages and discuss your development funding goals with our finance specialists.
- Our experts will get all the necessary information from you, including your financial condition and property details, and help you pick the best lender.
- With only the best options to choose from, we also take care of the funding proposal for the lender you pick.
- Now that your lender will have reviewed your application and most probably accepted it too, we will look into the details for any terms and conditions that need to be discussed.
- If the agreement terms seem okay to you, we will go ahead and finalise any needed documentation, and our team will also handle all the negotiations until everything is finalised.
Contact
Let’s hear from our clients
Client reviews
Frequently Asked Questions
What is property development finance?
Property development finance is a short-term loan used to fund the construction, conversion, or refurbishment of property projects. It is commonly used by developers to cover build costs and sometimes land purchase. The loan is usually repaid once the project is completed and sold or refinanced.
How does a development finance loan work?
A development finance loan is typically released in stages, known as drawdowns, as your project progresses. Funds are provided after each phase is completed and inspected. This helps manage risk for both the lender and the borrower.
What can development finance be used for?
It can be used for ground-up construction, property conversions, refurbishments, and large-scale renovations. Many investors also use it for commercial-to-residential projects. The funding can cover build costs, professional fees, and sometimes land acquisition.
Who can apply for development finance UK?
Property developers, investors, and business owners can apply for development finance in the UK. Both experienced developers and first-time developers may be considered. However, experience can improve your chances of securing better terms.
What is the role of a development finance broker?
A development finance broker helps you find suitable lenders and negotiate the best deal for your project. They understand lender criteria and can match your project with the right funding solution. This can save time and improve your chances of approval.
Why should I use a development finance broker UK?
A UK-based broker has access to a wide panel of development finance lenders. They can guide you through the application process and help structure your deal correctly. This support is especially useful for complex or high-value projects.
How much can I borrow with development finance?
The amount you can borrow depends on the project value, build costs, and your experience. Lenders often base funding on a percentage of the gross development value (GDV). Each case is assessed individually.
What are development finance rates?
Development finance rates vary depending on the lender, project risk, and borrower profile. Factors such as experience, location, and loan size can influence pricing. It is best to get tailored quotes for an accurate estimate.
What is a development finance calculator?
A development finance calculator helps estimate how much you may be able to borrow and the likely costs involved. It gives a rough idea based on your project details. However, it should only be used as a guide.
What is bridging finance for property development?
Bridging finance is a short-term loan often used to secure land or property quickly before arranging full development finance. It can also help fund the early stages of a project. Once development finance is in place, the bridging loan is usually repaid.
How long does development finance take to arrange?
The process can take anywhere from a few weeks to a couple of months. It depends on the complexity of the project and how quickly documents are provided. Working with a broker can help speed up the process.
Do I need a deposit for a development finance loan?
Yes, most lenders require a deposit or equity contribution. This shows your commitment to the project and reduces the lender’s risk. The required amount varies depending on the deal.
What is GDV in development finance?
GDV stands for Gross Development Value, which is the estimated value of the project once completed. Lenders use this figure to assess how much they are willing to lend. It is a key part of the funding decision.
Can first-time developers get development finance?
Yes, first-time developers can secure funding, but they may face stricter criteria. Lenders may look closely at the strength of your team and your project plan. Having professional support can improve your chances.
What exit strategies are required for development finance?
Lenders want a clear plan for how the loan will be repaid. This could be selling the completed property or refinancing into a long-term mortgage. A strong exit strategy is essential for approval.
Are development finance lenders flexible?
Many development finance lenders offer flexible terms based on the project. They may tailor funding structures to suit your timeline and needs. However, flexibility depends on the level of risk involved.
What types of projects are suitable for development finance?
Suitable projects include residential builds, commercial developments, HMO mortgages, and mixed-use schemes. Refurbishment and conversion projects are also commonly funded. The key is having a viable and profitable plan.
What documents are needed for a development finance application?
You will typically need a detailed project plan, cost breakdown, planning permission, and financial information. Lenders may also request your experience and track record. Providing complete documents helps speed up approval.
Can I refinance a development finance loan?
Yes, many developers refinance into a long-term mortgage once the project is complete. This is common for buy-to-let or commercial investments. Refinancing can help release equity and reduce monthly costs.
How do I choose the right development finance lender?
Choosing the right lender depends on your project type, experience, and funding needs. Comparing multiple options is important to find the best fit. A development finance broker can help you make the right decision.
