Property Development Finance can be arranged by Pure Funding Solutions on both Residential and Commercial properties and on Land
Do you have?
Planning permission on a property or land site
Proven experience on other successful development projects
Full build cost schedules and breakdown of required funds
Funding can be arranged for experienced Developers, Individuals, Partnerships and Limited Companies.
As with all finance arranged by Pure Funding Solutions, our aim is to secure the best terms with the most competitive rates to meet your bespoke needs. We also have specialist lenders on our panel who sometimes have more flexibility than the conventional mainstream banks.
Development Finance is usually arranged on an Interest only basis and depending on the nature of the project can be arranged for a term of between 3 to 18 months. After the development has been completed, some of the banks may even look to take on the loan as a full term commercial mortgage.
Rates can start from as little as 4.5% for a 12 month term
The loans are interest only and all costs can be deducted from the advance
Loan advances are usually based on the Gross Development Value (GDV) and are usually between 55% to 65%
Funding can be towards the purchase price of the site with 100% towards the build costs
Pure Funding Solutions understands that development funding is a bespoke market and with the current market volatilities, our market knowledge of this sector is one of our key strengths. We will ensure that through the relationships we have built with our panel of lenders, you will receive the best possible rates and terms to suit your needs. Simply complete the Development Loan Enquiry Form.
Up until very recently there have been very little opportunities for Property Investors, Builders, Ltd Companies and Individuals to purchase and acquire new properties with the intention of refurbishing the properties to then either sell for an excellent profit or arrange finance on a Buy to Let basis and let out to tenants.
However, there are some fantastic opportunities with great properties available and for the first time in a long while, Pure Funding Solutions have sourced Lenders and Banks to assist and who have a real appetite to lend.
Borrow up to 75% LTV towards the purchase
Rates from 0.59% per month
In addition to this, some lenders will allow a further 70% to be borrowed towards the build and refurbishment costs
Term 1 month to 18 months
Interest payments are retained so no need to make monthly payments whilst completing the works
Stage drawdown’s are acceptable so interest is only paid on the monies borrowed
Very quick access to funds
Pure Funding Solutions has access to all the major short-term lenders as well as many private funding lines.
Contact us to arrange a free quote from one of our experienced team.
Jaye & Suresh Sreedharan
We have been in the property investment business for over 20 years and have yet to work with a team, who are as receptive and prompt in assisting us as clients, such as Pure Funding. They work with us to make the best business decisions for our situation and what we are looking to do. They have integrity, honesty and are so easy to work with. We would not hesitate to recommend their services”
Ela Investments LTD
“I just thought I’d like to send an email to say how I’m always impressed on how you conduct your business. You seem to take on all the frustrations that borrowing from the banks today seem to entail on behalf of your clients, it’s very gratifying . I’ve been using you for more than ten years now and wouldn’t have any hesitation in recommending Pure Funding Solutions to anyone”
ROBERT D - Brighton
“I approached Pure as we have done business together in the past. The remit was to find a Bank to finance the purchase of a 3500 square foot industrial unit in Kingston, large enough to house my growing bespoke Kitchen design business and workshop. An 80% loan was achieved; amazing considering this was at the height of the credit crunch, but not surprising as I have a strong business and the guys at PFS know how to put a deal together. Excellent work!”
Brayer Design, Kingston
“Pure Funding Solution is more than just a business to me. They have beautifully aligned as a working partner to help grow a number of my businesses over the last 8-10 years. They have an innovative and dynamic team, led by Danny, that have worked tirelessly to create bespoke financial solutions for me. I can honestly say that we wouldn’t be where we are without their expertise, support and guidance. A heartfelt thanks to all the team. I look forward to working with them for many years to come.”
Lili Property LTD
“I have been successfully working with PFS for a number of years, raising money for my BTL investment business. I can rely on their knowledge and experience. They have always been professional and approachable, a pleasure to deal with”
Cyrus homes LTD
“I have found Pure Funding Solutions to be very helpful and supportive. Daniel Churchill is my first port of call when contacting PFS and he’s always on hand to guide and explain the processing throughout the application of the loan. Nothing is too much trouble for any of the team and I am more than happy to recommend them”
“Having worked with Pure Funding for over 10 years, I always find the team to be professional, enthusiastic, friendly and committed to providing the best possible service. They are always my first choice for the challenging cases”
Mortgage Advisor of Somerset Mortgages
“As a residential mortgage broker of 23 years I have worked with a number of master brokers for all my clients secured loan, commercial and bridging requirements and more often than not this meant ridiculously high fees for my clients and terrible customer service for us both. That was until in 2014 I was introduced to the team at Pure Funding Solutions and since then I have no need to go anywhere else as their knowledge and professionalism means that my clients get access to all the best market deals along with a customer experience that is second to none. This allows me to concentrate on my residential deals safe in the knowledge that my clients are in safe hands. Highly recommended to all”
Director of AW Mortgage Solutions Limited
“Pure Funding is a great company to work with. All personnel are very knowledgeable and easy to deal with. They seem to be able to operate in a friendly manner whilst still showing the professionalism you would expect. I would recommend to any of my clients should the need arise”
Director of JMS Financial Group
“I have worked with Pure Funding Solutions for a number of years now and their market knowledge, lender relationships and hard work is second to none. All the team are very personable and they are in fact a pleasure to deal with”
The Property Specialists Limited
“A great company to deal with; I have introduced many commercial mortgages and secured loans to them over the years and their completion ratio is excellent”
“Great working with you guys, you always have our client’s best interests at heart and strive to successfully complete all deals. Excellent service!”
“Prospect Capital are an offshore based lender who are active in the UK lending market. We are very happy to be partnered with PFS for our UK lending business, the quality of business introduced, the speed of turnaround and the professionalism with which the clients are dealt with have proven to dramatically increase the business we have written over the last 24 months. I would state that PFS on almost every occasion go above and beyond compared other brokers we deal with, they are involved from beginning to the end and this does make a considerable difference. I would not hesitate to recommend PFS”
Director Prospect Capital
“The team at Pure Funding has always been a pleasure to deal with. Their focus and drive to securing the best terms for their clients shines through in all their interaction with our team. Deals through Pure Funding tend to complete very quickly due to their understanding of our products and processes, coupled with the quality of their staff and internal systems”
Managing Director Octane Capital
“MTF has worked with Pure Funding Solutions for many years and few businesses come with the wealth of experience and knowledge they have. They take the time to fully understand their client’s needs and are committed to achieving the correct possible outcomes for each of their clients.
Their focus on efficiency and professionalism, and consistent delivery of high quality service makes them a pleasure to work with. MTF enjoy a close working relationship with Pure Funding Solutions and we look forward to building on this relationship for many years to come”.
Managing Director MT Finance
Pure Funding benchmark themselves in achieving exceptional customer service and ensure that they offer the best solution for their clients. Having worked closely with the team for many years we have a relationship built on core values and a customer centric proposition. Pure Funding are a credit to the lending industry.