Key Features of Ground Up Development Finance

1. Stage Drawdowns: Funds are released in stages based on project milestones, ensuring you have cash flow when needed.
2. Loan-to-Gross Development Value (GDV): Borrow up to 70-80% of the GDV, depending on your project.
3. Loan-to-Cost (LTC): Secure up to 100% of the total project costs, minimizing upfront capital requirements.
4. Flexible Terms: Terms typically range from 6 to 24 months, providing flexibility to complete your project.
5. Interest Rates: Competitive rates, usually between 4% and 10% annually depending on the lender and project risk.

Benefits of Ground Up Development Finance

• Increased Cash Flow: Access to staged funding ensures steady cash flow throughout the project.
• Custom Solutions: Finance tailored to your project’s specific needs and timelines.
• Fast Approvals: Quick decisions from lenders experienced in development finance.
• Reduced Risk: Stage payments align with project milestones, reducing financial exposure.
• Access to Expert Advice: Guidance from specialists to ensure a smooth funding process.

How Goodnews Mortgages Supports Your Development Journey

At Goodnews Mortgages, we are committed to helping you succeed in your property development ventures. Here’s how we make it happen:

1. Initial Consultation

Our team takes the time to understand your project, including its scope, costs, and timeline.

2. Tailored Funding Options

We work with a wide network of lenders to find financing solutions that align with your goals.

3. Efficient Application Process

Our experts handle the paperwork, ensuring your application is complete and accurate.

4. Ongoing Support

We provide continuous support, coordinating with lenders to ensure timely release of funds.

5. Post-Completion Assistance

Once your project is complete, we help you explore options for refinancing or sale.

Types of Projects We Fund

1. Residential Developments: Single-family homes, apartments, or housing estates.
2. Commercial Properties: Offices, retail spaces, or industrial units.
3. Mixed-Use Developments: Projects combining residential and commercial elements.
4. Specialist Builds: Student accommodations, care homes, or other niche developments.

Frequently Asked Questions

1. What is the eligibility criteria for ground up development finance?

Eligibility depends on factors such as project feasibility, developer experience, and financial stability. A clear business plan and planning permissions are typically required.

2. Can I get funding for land acquisition only?

Yes, many lenders provide funding specifically for land purchases, often combined with construction finance.

3. How are stage payments released?

Payments are released based on project milestones, verified through inspections or progress reports.

4. What happens if my project faces delays?

Extensions can often be negotiated with lenders, provided there is clear communication and a valid reason for the delay.

Why Choose Goodnews Mortgages for Ground Up Development Finance?

At Goodnews Mortgages, we combine industry expertise with a client-first approach to deliver financing solutions that meet your needs.

• Extensive Lender Network: Access to high-street banks, specialist lenders, and private financiers.
• Tailored Advice: Personalized recommendations based on your project’s unique requirements.
• Transparent Process: Clear communication and support throughout the funding journey.
• Proven Expertise: A track record of successfully helping developers secure the finance they need.

Start Your Development Finance Journey Today

With Goodnews Mortgages, building from the ground up has never been easier. Let us help you secure the ground up development finance you need to turn your vision into reality.

Contact us today to discuss your project and explore tailored funding options for ground up development finance.

Email: hello@goodnewsmortgages.co.uk

Phone: +44 (0) 2477 360 268

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