Why Use A Broker To Help Source Development Finance?

If you are considering undertaking a property development project, whether that is to buy some land and build either one residential property to then sell or a hundred such properties or even construct a commercial property, it is quite likely that you will need to arrange development finance to help you fund the project. There are a number of ways in which you can try to source suitable finance.

With so many lenders providing development finance you may wish to use a commercial mortgage broker to help source a competitive deal
A commercial mortgage broker should be able to help you source a competitive development finance package

You could go down the direct route and try to obtain the best deal yourself. This could involve simply getting in touch with your bank or building society with whom you operate your business current account and letting them arrange a development loan. Whilst that may be a convenient thing to do, how do you know that they are offering you the most suitable deal in the market? After all, they will only offer you the lending products that they have available.

You could devote an awful lot of your own time in trying to obtain a suitable financial package by doing some research on the Internet. However, that time may have been better spent in your own business.

Another option is to use a commercial mortgage broker such as one like we put you in touch with. They provide access to numerous lenders that do development finance thus providing you with a great opportunity to obtain the most competitive package that will meet your requirements.

They will help source a suitable lender taking into account your specific circumstances. They will consider so many things such as the interest rate, the fees and the type of security required. With a development finance loan often running into millions of pounds, just a ¼% difference in rates can make a significant difference to the total amount that is repaid. They will be able to guide you through the whole process including informing you what documentation will be required by the potential lender and help you package all this together.

So, why not get in touch with us at your earliest convenience to discuss your requirements.

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