Development Finance for Property Developers
Property developers need specialist development finance that understands the build lifecycle — from site acquisition through construction to completion and sale. Development finance provides a single facility covering land purchase and build costs, released in stages as your project progresses.
Experienced developers with a strong track record can access higher leverage, lower rates, and larger facilities. Many lenders offer repeat borrower programmes with streamlined processes for developers who deliver projects on time and on budget.
Key Benefits
- Single facility covering land + build costs
- Stage drawdowns reduce interest during construction
- Leverage your deposit across multiple units
- Repeat borrower programmes for experienced developers
Frequently Asked Questions
Can I fund multiple phases of a development?
Yes. Phased developments can be structured with facilities covering individual phases or the entire scheme. Phased facilities allow sales income from early phases to fund later phases, reducing your equity requirement.
What about commercial development?
Commercial developments (offices, retail, industrial) are funded alongside residential. Lenders assess the pre-let status, location, and demand for the specific commercial use. Pre-lets strengthen the application significantly.
Can I use development finance for refurbishment?
Light refurbishment (cosmetic, no structural work) is usually funded via bridging loans. Heavy refurbishment and conversions that require planning permission or building regulations approval are funded via development finance.
What fees are involved?
Typical fees include: arrangement fee (1-2% of facility), monitoring surveyor fee (£500-£2,000 per visit), legal fees (lender's and borrower's), valuation fee, and exit fee (0-1%). Interest is charged on drawn amounts only.
Related Funding Options
Construction & Development Finance UK
Fund property development and construction projects. Stage-released development finance for UK builders and developers.
Bridging Loans for Property Developers
Fast bridging finance for UK property developers. Fund auction purchases, refurbishments, and chain breaks. Completion in days, not months.
Commercial Mortgages for Property Developers
Long-term finance for property portfolios, commercial investments, and refinancing completed developments. Commercial mortgages for UK developers.
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Learn About Our Broker NetworkCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.