DEVELOPMENT FINANCE
Investors and developers use development finance for a variety of reasons, sometimes overlapping with bridging finance. It’s generally used when converting a building from one purpose to another; for example, a former industrial mill to a block of luxury apartments. Development finance is also used to purchase land for building projects.
It works very much like bridging finance, but instead of the funds being released in one big lump, it’s often drip-fed to match how the development increases in value as each milestone is passed. For example, the stages could be:
- Land purchase
- Foundations of the property go in
- Property shell is complete
- Roof goes on
- Interior finished to final specification.
Each of these stages means the site is worth more than it was before, therefore the development financier can lend more money at each stage to keep the development moving forward.
We deal with developments of single properties to full housing estates for well-known builders.
Not all development finance is regulated by the FCA
OUR FINANCE PRODUCT OFFERINGS
BRIDGING FINANCE
Although expensive compared to traditional mortgages, bridging loans fulfill a very important role, often filling a gap where a standard mortgage provider has no appetite. Of course, if there’s another… more>
DEVELOPMENT FINANCE
Investors and developers use development finance for a variety of reasons, sometimes overlapping with bridging finance. It’s generally used when converting a building from one purpose… more>
Why choose Kew Property Finance?
Kew Property Finance takes great pride in providing tailored, holistic advice to home buyers and property owners. We offer advice that’s not only right on price, but that fits your specific purpose, project, and personal circumstances.
RELAX
We’re your dedicated personal mortgage service, doing all the hard work, leaving you to relax
STRESS FREE
There’s nothing we haven’t seen with our 15 years in the industry, there’s nothing to phase us
DEDICATED
We’ve got your back, we work for you, not for the lenders, so it’s in our interest to find you a solution that suits you
WE’RE FLEXIBLE
We can meet you evenings or weekends, as well as weekdays, but always at a time to suit you
EXPERIENCED
We have over 15 years experience as top financial advisers, helping hundreds of clients
WE MAKE IT EASY
We handle your application with the lender, communicate with the estate agent and your solicitor
TESTIMONIALS
“Kew Property Finance was recommended to us by our estate agents so this is the first time we have used this service. We have been more than happy with how quick and stress free the whole process has been. Rob Kewley has gone over and above what we would expect from a financial services company including liaising with vendors, solicitors and others, we would definitely recommend him to anyone. We will also be using his services again if needed in the future.
“Rob has been our financial advisor through the process of signing two mortgages recently, one buy to let and one for our main property. He knows the market inside out, has never done ‘the hard sell’ which we really appreciate and is very good at staying in touch and keeping us up to date with where we are in the process. He’s also likeable and thoroughly professional. I wouldn’t hesitate to appoint Rob for financial advice needs in the future.
“We’ve used Rob several times in the last 5 years and couldn’t recommend him highly enough. He’s extremely professional and helped us find the best mortgage solution to fit our needs. Along with Rob’s expertise he also has an extensive network of industry contacts which was hugely beneficial to us when we were purchasing both of our properties. The trust that we have in Rob is implicit as we know that he has our best interests at heart, I will not hesitate to pick up the phone to him for our next house move.
“I have used Rob from Kew Property Finance on several occasions including for property purchases and remortgages on both residential and buy to let properties. He has always given great advice and has provided an excellent service throughout the process.
Talk to us & request a call back
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