Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
Whatever the project, we’ve designed our Development Finance product to be flexible enough to cater to a broad range of scenarios. We can offer loans for all types of development needs including residential property, HMO’s, student accommodation, commercial property, social housing, starter units and many more.
Throughout the lifecycle of your project, you’ll be supported by one of our dedicated and highly experienced Relationships Managers, as well as the rest of our specialist Development Finance team. Not only that, we have both internal and external QS support on hand at all times, so you know we’re with you every step of the way.
At Together, we have lending products which can support your requirements throughout the development process:
It’s quite simple really. We use our flexible, common sense approach to lending to help more developers get the funding they need to get the job done.
And, we know speed is key so we can give you a decision in principle within 48 hours (subject to receipt of all relevant information), and once agreed, quick access to funds.
We also recognise the importance of liquidity throughout the process, so we’ll ensure your drawdown requests are prioritised to keep your development moving.
That’s why our funding process can be summed up in five easy steps:
Do you want to understand the potential cost of your mortgage or loan?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Find out hereDevelopment finance is a type of short-term loan created specifically for any type of new property development including residential property, HMOs, student accommodation, commercial property, social housing, starter units and many more. The funding is typically used to cover purchase and build costs associated with the development.
The loan is set against a plan for development, meaning once the project is underway, the funds will be released in stages according to how far along the build is. The loan will be paid off at the end of the project in a lump sum, usually funded by the sale or longer term rental of the development. Alternatively, repayments can sometimes be staggered as and when units are sold.
It takes about 4-6 weeks to get a development finance loan, which is slightly longer than a standard bridging loan. This is because the application process requires a detailed site valuation to ensure we provide the proper support needed for the project.
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.