FINANCE OPTIONS

^Construction Finance – Get Financing Options Today

Q: How much can I borrow with construction finance?

You can borrow between £20,000 and £25 million, with amounts influenced by project scope, company history, and creditworthiness.

Q: How quickly can I get a decision on construction finance?

Initial decisions can take from 24 hours for bridging loans to 3 weeks for development finance, contingent on the application detail and lender policies.

Q: What are the interest rates for construction finance?

Interest rates range from 0.4% per month for bridging loans to 9% per annum for development finance, based on the loan type and risk assessment.

Q: What are the eligibility criteria for construction finance?

Eligibility depends on factors like your credit history, business plan strength, and past project successes. Detailed documentation is crucial to access finance.

Construction finance offers essential funding solutions for various stages of construction projects, from land acquisition to development. This type of finance is crucial for property developers looking to secure bridging loans or firms needing development financing.

Secure up to £500,000 in Construction Finance with Funding Agent.

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What are the ^benefits of Construction Finance?

The primary benefits of construction finance include the ability to fund large projects, increased liquidity, and flexible repayment terms, which facilitate business growth and operational expansion.

Improved cash flow

Cost control

Financial risk management

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What are the different types of Construction Finance?

Bridging Loans

Bridging loans are suitable for developers needing rapid funds. Typically ranging from £25,000 to £25 million, these loans offer a quick decision time of 48-72 hours. Explore how a bridging loan can support your next project.

Bridging Loans

These short-term loans, with interest rates ranging from 0.4% to 1.5% monthly, are designed for property acquisition and renovations. With decision times as quick as 48 hours, they offer an efficient solution for developers requiring immediate capital. An example is a developer in London using a bridging loan to secure land while awaiting another property's sale.

Development Finance

Available to experienced developers, development finance offers amounts from £150,000 to £10 million over 6 to 36 months. Learn more about development finance options today.

Development Finance

Development finance facilitates large-scale projects such as new building developments with interest rates from 4% to 9% annually. Decision times average 1 to 3 weeks, with detailed project plans required. An example is a Manchester firm obtaining finance for a new apartment block.

Contract Finance

Contract finance is for construction firms facing cash flow gaps, offering £20,000 to £5 million over 12 to 36 months. Find out about contract finance solutions available now.

Contract Finance

Designed to cover gaps between invoicing and payment during projects, with interest rates 2% to 6% over base rate, this finance helps maintain operational liquidity. Decision times are 2-4 weeks, suited for firms like those handling public projects needing steady cash flow.

What is construction finance?

Application Process

The application involves submitting project outlines and financial details, alongside a funding application, ensuring thorough due diligence checks to facilitate smooth approvals.

Regulatory Requirements

Construction finance in the UK must comply with the Financial Services and Markets Act 2000, especially for consumer-facing products like bridging loans.

Borrowing Capacity and Interest Rates

A borrowing range of £20,000 to £25 million is common, with factors like creditworthiness and collateral influencing limits. Rate ranges vary from 0.4% per month to 9% annum, affected by risk and terms.