Development Finance Rates
BLG provides development finance for regional ‘SME’ property developers throughout the UK with competitive rates and lending terms.
Due to the nature of house building and the great variety of projects to be funded, no two loans are the same and lending rates and terms vary. Each development finance loan is designed to meet the specific needs of the project; this is known as bespoke development finance lending. There are many variables: loan type, loan size, Loan To Value (LTV), length of loan term, location, etc. These elements and more will affect the lending rates and terms.
In order to arrange development funding and provide a development finance rate, our team work closely with you, the developer, to fully understand the needs of your development project.
Development Finance Heads of Terms
Once you have given us details of your development project and an outline of the finance you require, BLG will produce an initial ‘Heads of Terms’ document. This document provides details your requested development finance loan and development mortgage rates. Once produced, the Heads of Terms document, and the development finance rate quoted, is valid for 30 days. To proceed to full offer stage, your BLG Regional Director will work closely with you to gather the information required to produce a full offer document.
BLG development funding rates vary depending upon the development and developer being funded, we undertake market research to ensure our development finance rates and terms remain competitive within the markets we lend.
Interested in development finance rates from BLG?
To speak with your local BLG representative and arrange for a property development finance rate quote, please call our team on 0845 465 6500 or email email@example.com , thank you.