Development Finance
Fresh Solutions offers development finance for projects in Southampton, Dorset, and surrounding areas. Whether you’re a first-time developer or an experienced pro, we provide the funding needed to kickstart, expand, or complete your property projects, allowing you to unlock opportunities without tying up all your capital.
First-Time Developers Accepted
Flexible Funding: From £100,000 to £10,000,000
Profit-Boosting Rates: Rates starts from 0.60% per month
Cash Flow Freedom
Development Finance
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Development Finance In Southampton
A Development Finance Loan, also called a property development loan, is a short-term funding option specifically designed to cover the costs associated with constructing, renovating, or developing properties.
Development Finance is designed to be used by developers, builders, and investors seeking to fund new builds, renovations, or conversions. A development loan usually cover the cost of land, construction, and associated expenses such as planning permissions, professional fees, and materials. Funds are normally released in stages as your project advances. Once completed or at specific milestones, you repay the loan, typically through property sales or refinancing through a lower-cost loan such as a mortgage.
Why Choose Development Finance?
Development finance allows you to secure the funds you need for building or renovating a property without tying up all your own money. It helps you get your project started or completed and can ultimately boost your potential profits.
Here are the key advantages of choosing our development finance options:
- Flexible Funding: Loans from £100,000 to £10,000,000.
- Competitive Rates: Starting as low as 0.60% per month.
- No Upfront Fees: No hidden costs or initial charges.
- Quick and Easy Access: Fast approval and fund release.
One of the most compelling reasons to choose a development loan, is that by putting less of your own cash upfront, you can achieve a higher return on investment (ROI).
For example, if you invest £50,000 of your own money and secure a £450,000 development loan, earning a £100,000 profit results in a higher ROI on your initial £50,000 than if you had used all your own funds. Even with the cost of the loan, using finance can lead to better returns on your invested capital.
If this seems overwhelming, don’t worry. Our loan advisors are here to help. They can explain everything in more detail using real figures based on your specific project, ensuring you understand the benefits and options available.
Types of Development Loans
Here are the types of loans available to support different stages and needs of your property development projects.
Your Fresh Solutions advisor will explain these in detail, and help you find the best type of loan for your needs.
Development Finance Loans
Ideal for large-scale residential or semi-commercial projects, including ground-up builds and conversions. Covers land purchase and construction costs.
Development Exit Loans
A short-term loan used to repay a development loan as a project nears completion. Switch to a lower-cost Exit Loan to save money as you prepare to sell.
Refurbishment Finance
For major renovations or minor property improvements.
Senior Debt and Loan-to-Value Ratios
Senior debt covers construction costs (up to 100%) and part of the land (typically 55-65% of Gross Development Value).
Development Finance Process
Development finance is a crucial aspect of turning your property dreams into reality.
Application
Provide basic details about your project and financial needs.
Agreement in Principle
Quick review and initial approval.
Valuation
Expert assessment of your property’s value.
Funds Drawdown
Receive the funds to kickstart your project.
Completion
Finalize the project and reap the rewards!
Fresh Solutions — where your development gets funded.
Why Choose Fresh Solutions?
At Fresh Solutions, you don’t have to compromise. Whether you’re new to property development or a seasoned pro, our finance experts will work diligently to find the best solution for you. From your first enquiry, we’re here to support you every step of the way. We work with a wide range of lenders to meet your specific needs, even if you have a challenging credit history.
First-Time Developers Welcome
We understand that entering property development can be daunting, especially if it’s your first project. Our team is here to support you, providing guidance and expertise to help you navigate the process confidently, even if you’re new to the industry.
Support Throughout the Process
From your initial enquiry to project completion, we offer comprehensive support. Our experienced advisors will help you understand your financing options, assist with the application process, and provide ongoing support to ensure your project stays on track.
Custom Finance Solutions
Every development project is unique, and so are your financial needs. We work with a wide range of lenders to tailor a financing solution that fits your specific situation, whether you’re building, renovating, or converting a property. This personalised approach ensures you get the best possible terms and rates.
Competitive Rates
We offer some of the most competitive rates in the market, starting from as low as 0.60% per month. This helps maximise your project’s profitability by reducing your overall financing costs.
No Upfront Fees
There are no hidden costs or initial charges when you work with us. You can access our services without paying upfront fees, making it easier to manage your project’s budget from the start.
Fast Approval and Fund Release
We know that timing is crucial in property development. That’s why we offer quick approval processes and prompt fund release, allowing you to start your project without unnecessary delays. This speed and efficiency can be the difference between seizing an opportunity and missing out.
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Development Finance Questions
Explore our comprehensive FAQs to find answers to common queries about development finance. From borrowing against land to VAT considerations, we’ve got you covered.
Can I Borrow Against Land Without Planning Permission?
Yes, you can borrow against land even if you don’t have planning permission. However, the loan amount will be limited to 50% of the land’s value.
How Much of the Build Cost Can I Borrow?
You can borrow up to 100% of the build cost. Our financing solutions are designed to fully support your development needs.
What’s the Maximum Loan Amount?
We offer loans up to £150,000,000, covering everything from small projects to large-scale developments.
How Much of My Own Capital Will I Need?
Typically, you’ll need to contribute 25% to 30% of the purchase price as your own capital. Our team can help you with the details.
What If the Scheme Carries VAT?
No problem! We can cover 100% of the VAT associated with your development, ensuring a smooth financing process.
What Documentation Is Required for Loan Approval?Your Title Goes Here
For loan approval, you’ll need to provide project plans, financial statements, and property details. Our team will assist you with the documentation process.