Experienced Developer
If you are an experienced developer with a proven track record, BuildStore can help you secure an excellent deal for your business. In the current climate, we can also help you develop new lender relationships, both for now and to support your business in the future.
Our established panel of lenders and exclusive deals make it easier to source the right lender for your development project along with competitive pricing, first time.
Key Features
- Finance throughout Great Britain
- Fast track release of funds available - 14 days after valuation
- Lending of up to 65% of the plot or property price or valuation (whichever is lower) or even 100% where suitable collateral is available.
- 100% of development costs available payable in arrears
- Lending on plots with detailed planning permission
- Funding for new builds, renovations and conversions
- Assistance with commercial development appraisals to ensure projects are viable
- Minimum loan size £50K
- No maximum loan size
- Loan period is typically between 6-12 months but can be extended
- Maximum loan to value 60%
- Additional borrowing available during project
- Interest can be rolled up during the project + most fees included in loan
- Competitive pricing
- Single property developments and multi sites of any size considered
- You can apply for development finance if you are an individual, partnership, limited company, self employed or a company director.
In order to access whether your project is viable we will require:
- Proof of proven track record / CV of background - with particular focus on previous development experience
- Purchase price
- Detailed costings for build
- End value
- Time scales
- Copy of planning
- Assets & Liability statement
- Accounts
- Copy of building regulations
- Identification
