What information is needed to start a Development Finance application?
To get an initial idea of what funding is available we just need the following.
- The address of the land/property?
- The purchase price/value?
- What is the proposed development?
- How much will the build cost?
- How long will the project take from purchase to completion?
- What will the value be when you have finished?
- How much in cash or security do you have available?
With these brief details we can give you a good overview of what various lenders will be willing to offer including a reasonably accurate estimate of cost.
