Property development finance is going to be one of the most important aspects of your development project and can make or break your project. It’s important to source loans that are going to work for you and provide you with enough money to see through the build.
There are a few key things to keep an eye out for when looking for a property development loan:
Flexibility
With all loans it’s important to find agreements with flexibility and this is especially important with property development finance. The housing market’s turbulent at the best of times and you may find yourself needing room for movement in your finance deal. This is why it’s important to find agreement that will support you throughout your development.
At NGI Finance we always attempt to secure flexible loans with draw down options that work for our clients’ specific situations.
Low interest rates
Interests rates are at an all-time low, making it cheaper than ever to borrow and the perfect time to take out property development finance. We spend time on our clients’ applications and make sure we secure the best finance options possible. We’ll find a suitable loan for you with the lowest possible interest rates, alongside your other requirements.
Avoid early repayment charges
Negotiating the best loan whilst avoiding charges for early repayment can be difficult. The uncertainty of property development can mean you find yourself with the cash to pay back a loan sooner than you originally thought. The last thing you want is to be penalised and get charged a fee for settling the debt early. We also make sure that our loans exclude early repayment charges and you won’t incur exit fees.
Get in touch to find out how we can help
We work with a panel of lenders to negotiate property development loans that suit our clients and their personal projects. If you’re looking to start work on a new development and need property development finance, then get in touch. We’d be happy to have an informal chat to discuss how we can help you.