Development finance.
- Build, convert or refurbish property
- Loans last up to three years
- For investors from all walks of life
Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
Realise your property goals with development finance
Whatever your project, our Development Finance is built to flex around your needs. We offer loans for residential property, HMOs, student accommodation, commercial units, social housing, starter homes and more.:
You’ll be supported by a dedicated Relationship Manager and our expert Development Finance team, with internal and external QS support throughout.:
At Together, our lending products can support you across:
- Acquisition
- Planning
- Development
- Sale
- Rental
How does Development Finance work at Together?
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:
Common questions about development finance
What is development finance?
Development 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.
How does development finance work?
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.
How long does it take to get a bridging loan for development finance?
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.
You may be interested in these other bridging loans
All mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.