Development finance is a short-term loan option for property developers that is used to assist in the purchase of land and build costs that come with property development. Signature Property Finance are able to obtain development funding for clients looking to build 1-15 properties, with loan values starting from £250,000 to £3 million over a 24-month term. We offer loan developers 100% of their building costs as well providing a contingency if costs exceed estimations. No one can control market conditions, so it’s vital to control costs by drawing up detailed plans before you start, ideally even before buying the land or start building. As a guide, your budget should include at least a 10% contingency for things not going to plan because they rarely do in property developing. There are some exceptions to these criteria so please get in touch for more information about your property development plans to see if we can help.