Development Finance
Whether you're building from the ground up, renovating, or converting a property, we’ll help you secure the right finance with flexibility and speed.
How does development finance work
What is development finance?
Development finance is a short-term loan (6-24 months) for funding purchase and construction costs on residential or commercial projects, including new builds, conversions, or refurbishments of single or multi-unit developments.
How it works
1) Site Purchase
Funds are often used to buy land for new builds or an existing property for refurbishment.
2) Construction Costs
Funds are released in stages (often monthly) to cover building costs as work progresses.
Using an Independent Monitoring Surveyor (IMS)
Building costs are drawn down monthly based on completed work, with interest charged only on the drawn amount. An IMS, acting for the lender but paid by the borrower, oversees progress and flags any issues.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Metic Financial Ltd FCA Number 1026191 an appointed representative of Stonebridge Mortgage Solutions Ltd FCA Number 4548111, which is authorised and regulated by the Financial Conduct Authority. FCA number 974168. Registered Office: 136 Aycliffe Crescent, Gateshead, NE9 7DH. Registered Company Number: 16101564. Registered in England & Wales. The FCA does not regulate some forms of mortgages. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. *There may be a fee for arranging a mortgage. The precise amount will depend on your circumstances and is typically between £495 and £997. In some instances, there may be no fee charged. This will be confirmed in the initial meeting. For further information about our data processing activities, please visit our