Aldermore Bank are now offering property development finance for experienced property developers with a good track record, looking to new build residential developments, or light and heavy property refurbishment.
Aldermore offer competitive fees and interest rates and employ a specialist team focussed on property development finance and refurbishment finance. While traditional lenders have pulled out of the development finance space, Aldermore are winning market share by providing funding for property development.
- Maximum advance - 60% of current site value + 60% of development costs
- Maximum loan to GDV - 60%
- Maximum loan term - 24 months
- Loan amount - £500k to £5m
If you would like to speak to one of Vision Finance’s team specialising in Development Finance, please call us on 0207 206 2500, or alternatively email us at email@example.com