Fueling Your Property and Construction Projects
At Vickers Young Commercial Finance Ltd, we understand that successful property development requires more than just vision—it requires the right financial support at the right time. Our development finance solutions are designed to provide developers, builders, and investors with the capital they need to bring their projects to life.
Whether you're working on commercial or mixed-use developments, our tailored financing options are designed to cover the costs of land acquisition, construction, and project completion. From small-scale refurbishments to large-scale developments, we work closely with you to structure flexible, affordable funding that aligns with your goals.
With our extensive network of funding partners and years of experience in development finance, we can help you navigate the complexities of construction projects, ensuring you have the liquidity and financial backing to move forward with confidence. Let us support your next development project and turn your vision into reality.
What is it?
Development finance is a form of short-term funding to assist clients in completing construction or refurbishment of residential and commercial properties.
Typically clients select this as a short-term solution and then remortgage at the end of the project to access mainstream lender deals or of course sell or rent out the properties accordingly.
How does it work?
The lender basically lends funds to enable the client(s) to purchase the property or land and provide money for the building work.
Most lenders offer an initial loan based on the purchase price and then typically they will fund 100% of the build costs.
These payments are typically provided in arrears with reports being provided from qualified building industry
professionals to ensure the build is on track.
Once building commences the client must fund the first part of the costs. The following month a developer must provide
an invoice to the Lenders Surveyor who will check it is correct, at which point funds are then released.
Unlike most typical loans, development finance will base off the value of the completed property.
This enables builders or investors to fund schemes that typically would be out of budget.
Development finance is a specialist area of lending and requires a lot of work to set up.
Accordingly, fees will be charged for this service which will be discussed at point of application following initial free consultations.
Key Features of Development Finance and what is possible:
Little or no experience
70% GDV available
100% Build Costs
Land Purchase pre and post planning
For Land or New Development or Existing Property
Flexible Drawdown Facility