Development Finance / Loans and interest costs explained - How to get the best deal?

Beginners guide to development finance. How it works, likely costs and how to prepare.
It's vital you are well prepared before formally applying.

Talk to an expert to get indicative costs and interest rates for your project or to help you get in shape for an application

PROMISE MONEY 01902 585020
More details are available at https://www.promisemoney.co.uk/bridgi...

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YOUR BANK MAY HAVE 100's OF PRODUCTS AND PLANS.........
PROMISE MONEY HAS OVER 10,000

1st charge, 2nd charge and even 3rd charge
Term loans, short term bridging, Interest only
Mainstream and specialist / complex products
Residential, BTL, HMO, Commercial, Development & Unsecured Business Loans.

PROMISE MONEY 01902 585020
More details are available at https://www.promisemoney.co.uk/

Representative example
66% of our clients get these rates or less - (This is not a specific example of this product above)

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

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updated8/2/23