This is a short-term loan that can be used to buy land or cover the cost of renovating or building a business property.
What you need to know
Development Loans are subject to the following:
- The maximum you can borrow is 70% of the value of the property you wish to buy or develop (Gross Development Value)
- You can put 100% of the loan towards construction costs
- Rates from 5% plus Bank of England base rate
- Loans are from £26,000 to £50,000,000
- You will need to prove you have relevant development experience
- Full, detailed planning permission is also required
Why Broadbench?
- We have access to a wide range of loan providers offering competitive rates
- We can do all the paperwork
- We can help you every step of the way
- We have access to other forms of commercial lending
Ok, how does it work?
Speak to an expert for free professional advice:
01202 677555or
