Don’t miss out on Developments

Specialist whole-of-market lending solutions structured across 90+ UK lenders. Rapid decisions, direct underwriting criteria, and competitive terms for complex borrowing requirements.

Whole-of-Market Access: Over 10,000 specialist lending products
Fast Completion Speeds: Dedicated broker underwriting for time-sensitive deals
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Don’t miss out

We are looking to assist you with any development cases your clients pass to you – from a single residential development to commercial property builds, large scale residential projects or retail park developments.

If you don’t get this type of business then we really recommend you try to tap into your self employed / business owner clients.

Development cases can be less hassle for you than a mortgage and the income is far higher.

Here is a flavour of some recent cases we are working on:

A failed residential bridge – The applicant intended to increase his residential property from 150sqm to over 300sqm and had taken out a bridging loan. His builder underestimated the costs and he needed £500,000 more to finish off his project. The existing bridging lender would not offer any more as the LTV exceeded 75%.

Key Criteria & Application Guidance

We worked closely with a development lender, explaining the applicants’ situation, including recently missed credit and secured the funds (Based on the Gross Development Value rather than current value) to finish off his project which were released in 2 stage payments.

Shortfall on conversion from commercial to residential – Our client purchased a BT repeater station to develop into residential property using Bridging finance for £160K gross. The bridge period ran out and the current lender would not extend resulting in a few months arrears. Our client needed to raise a further £80k to finish works with the exit being sale. All structural and foundation work was completed but without a kitchen or bathroom and a very unconventional appearance the current valuation of the property was only £235K and most lenders were not interested.

Our selected lender worked on the GDV of £500K for the exit and accepted a second charge on a family member’s home to support the required borrowing which paid off the previous bridge and could allow the works to continue.

£4 million development from commercial use to flats – This case came from a broker who doesn’t usually look for commercial or development business but now stands to earn £15K to £20K. If you have self employed / business owner clients talk to them about their commercial requirements

If your main business is mortgages, finding commercial and development business can pay you handsomely.

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Whole-of-Market Guidance for Property Development Finance

Securing competitive terms on property development finance requires expert underwriting knowledge. In addition, our specialist broker team works directly with over 90 specialist lenders across the UK.

Consequently, reviewing your property development finance options with an FCA-authorised specialist credit broker ensures whole-of-market access while avoiding unnecessary fees and delays.

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Key Takeaways: Property Development Finance Summary

Additionally, property valuations can often be expedited, significantly reducing upfront costs and surveyor delays.

Furthermore, specialist residential lenders assess affordability based on real financial circumstances rather than automated credit scoring.

Consequently, home buyers and refinancing borrowers can secure competitive rates across 90+ UK specialist lenders.

Therefore, working with Promise Money ensures you compare optimal rates and terms for your borrowing needs.

Specifically, flexible repayment options—including fixed-rate and tracker structures—can be tailored to protect your household budget.

Moreover, mortgage facilities can be structured with clear terms to support future financial flexibility and peace of mind.

In addition, non-standard properties and self-employed applicants can be financed without high street retail banking restrictions.

Crucially, borrowers facing historic credit blips or complex income can secure competitive mortgage terms through our panel.

In practice, working with experienced mortgage advisers prevents administrative hold-ups and keeps advice fees completely transparent.

Above all, establishing verified income documentation and property details ensures smooth facility approval.

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