Require Short Term Finance?
Speak to us to arrange finance fast...
Our bridging loan brokers are highly experienced in development finance and can help with:
To find out more about bridging finance for property development, fill out our contact form or call us now on 0117 959 5094.
Property developers use bridging finance for a variety of different projects, including:
One key advantage of bridging finance for developers is that there is normally the option to take the money in instalments and only pay interest on the capital already taken. This helps to keep the cost of borrowing down, while still ensuring the money you need is available as soon as you need it.
Bridging loans for property development are normally only offered by private banks and lenders. These do not normally work directly with the public, but only through intermediaries such as bridging finance brokers. To get a property development bridging loan, you will therefore normally need to apply through a broker.
Property developers usually choose to secure this type of short term development finance against the development site. However, they may also choose to secure the loan as a second charge on other property they own to secure better rates or borrow more than would otherwise be possible.
When you take out bridging finance for property development, you will normally need to pay:
You will need to specify an exit strategy when applying for a bridging loan i.e. explain how you will repay the loan. For property developers this will usually mean selling on the property, selling previously developed property or refinancing with a residential or Buy to let mortgage.
Clifton Private Finance has access to leading bridging finance to help you find the best deal for your borrowing needs.
Luther was excellent. Very clear in his advice and explanations of products and was able to move things on very quickly when we ran into difficulties with the estate agents. Without a doubt I would recommend Luther to all friends, family and colleagues. Luther was a joy to deal with and took a lot of the stress out of a troublesome transaction, from my end. I would view Luther as real asset to Clifton Private Finance Ltd.
The team at Clifton Private Finance has been outstanding, not only in helping me to obtain a mortgage on a slightly unusual home, but also in continuing to provide support and liaise with the lender and solicitors through to completion. Thank you for making the process of buying my first home much easier.
Sam O'Neill, and the new lender he identified for me, worked tirelessly together using my time constraints, to make sure my mortgage application was completed on time. They are a brilliant company to work with, fast, efficient, open and transparent from the very beginning, and turned a seemingly impossible situation into a viable one. Sam was brilliant throughout the whole process and I would highly recommend him, and his colleague Helen, to anyone without hesitation, I cannot speak highly enough about them.
I was incredibly lucky to find Clifton Private Finance after a search on line as their service has been more than exemplary. My point of contact was Sam 0’Neill and he was happy to help at every stage during the application of the bridging loan, making a stressful process much easier to deal with. He was always available by phone or email and gave prompt answers to queries I had as well as always getting back to me when he said he would. That to me is excellent customer service and I cannot thank him personally or the company enough for the support they have given me.
Adam cannot thank you enough for all your support throughout this arrangement. You have gone more than the extra mile to support us. Without you we would not have got our dream retirement home. You have been most professional and personable. Liz and I would be more than happy if you wanted to use us a reference with respect to any future clients.
Nigel & Liz K - Bristol
You have certainly shown me that you do everything for your clients, including tolerating their excessive emails and questions for updates. I have been kept in the loop, from yourself, about why the delays were occurring (Nationwide, post etc) which I would like to highlight that I really appreciated. I certainly will be able to recommend you to others as and when the need arises.
I recently contacted Clifton Private Finance after a Google search for bridging finance providers and was immediately struck by their efficiency and support. Forms were emailed over almost immediately and the necessary finance was arranged within a few days. None of the other companies I contacted came close to their professionalism, and the quote that I eventually received was impressive. Thank you Adam, your help has enabled us to reserve the house that we wanted and I certainly recommend you to others.
Mr M. R. - Oxford
Absolutely brilliant. The service was first class, got everything sorted efficiently and were always friendly. Any fees were negligible compared to the service offered. Robert was particularly outstanding.
My advisor, Robert, was very helpful in finding the mortgage to suit me. He kept me up to date throughout the process and dealt with any issues when they arose.
I have received fantastic service from your company from my first moment of contact. Adam Arnott has been dealing with my application and has kept me informed throughout the normally stressful process.