If you are a builder or investor looking to build a single/ multiple houses or flats, we can arrange development finance for you. To qualify for development finance, you already have to own a land with planning permission on it.
We can arrange development finance for following
- Residential developments
- Commercial developments
- New build projects
- Renovations and redevelopments of existing properties
HOW MUCH CAN I BORROW?
The amount you can borrow will depend on several factors i.e. value of the property, anticipated build cost, gross development value, assessed finished value of the project.
Typically, development finance can be arranged up to 75% of the build cost. However, we may be able to arrange up to 100% of the development cost depends on the location of the project and demand
The exact interest rate for development finance will depend on number of factors i.e. your circumstances, relevant experiences, loan to value, location of the project and the gross development value.
Why Choose Olympia Finance for Development Finance?
Olympia Finance is a specialist mortgage broker based in London and Essex, providing mortgage and insurance services throughout the UK. We have access to the whole of market Lenders with a wide range of criteria hence, we can help you find a mortgage deal that suits your needs. Even with non-standard circumstances, we may still be able to help. Contact our specialist team today to find out how we can assist you.