Development Finance

Property Development Finance in UK

Journey Mortgages can help you to access a panel of lenders able to help you with your commercial projects. From the small to the big, Journey Mortgages are well suited to help and guide you on your options.

What is development finance?

A loan or a mortgage to help with the development or building of a property that will be rented out or sold when completed.

Raising capital for development or new build projects can be complex. However, Journey Mortgages has helped buyers with securing development finance for a wide range of projects.

Do you need development finance? Are you currently embarking on getting a property development portfolio underway? Or starting on your first new build? Perhaps you have an extensive property development portfolio and you need a broker that can provide you with more competitive rates.

If so, get in touch with us here at Journey Mortgages. We are on hand to assist and, as an independent mortgage broker, we have access to competitive development finance products and rates, and can assist you with finding the right product to suit your needs.

We are here to assist you with advice. We can even look at a rate that you have been currently offered to see if we can provide something more affordable, or in line with your financial goals.

Attention: Late repayments can cause you serious money problems. For help go to


Development finance is designed to help and support you with your building projects. Whether it is from the ground-up development or heavy refurbishment development. There are numerous drawdown facilities available.

Development finance is structured based on the GDV value of the project (The Gross Development Value). Depending on what this is, and the schedule of costings and works will determine the terms of your facility.

Development finance is structured so that it helps you along with your project needs. You will have the facility to draw down funds at various stages of your project when certain criteria and valuations are met. For example, when a building inspector signs off the phase of the project and the work is carried out to set standards, the next facility will become available for you, in order to continue on your project.

The exit strategy of development finance is usually the sale of your project, whereby you will sell, realise a profit and repay your development facility, or re-mortgaging your project onto term mortgages. For example, if you built an apartment complex, you may want to keep hold of the apartments, therefore you would re-mortgage each apartment onto a buy to let mortgage, and use the funds raised here to pay back your development facility.

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A fee may be payable for mortgage advice. The exact amount will depend on your circumstances. Journey Mortgages Ltd is an appointed representative of Envelop Finance which is a trading style of Brompton Asset Finance Ltd, which is authorised and regulated by the Financial Conduct Authority, FCA number 727308. Journey Mortgages Ltd is authorised and regulated by the Financial Conduct Authority, FCA number 915911.

Company Registered in England and Wales, registration number 11823165. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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