The demand for good-quality businesses and commercial properties significantly exceeds supply in a number of sectors and regions. As a result, more investors are investigating the benefits of developing, renovating or refurbishing an existing property.

In response, lenders are making more development finance options available – particularly to experienced business-owners and property developers with a proven track record for these types of projects.

At Christie Finance, we are experienced in arranging funding for development across the sectors in which we specialise. As an independent broker, we are not tied to any particular lender. We have established trust-based relationships with leading lending institutions. We know who is offering development finance and who to approach to get the best deal for you.

Development loan features

The terms applicable to development mortgage facilities will vary considerably from lender to lender but, as a general rule, the following may apply:

Key Factors to Consider for Your Loan Application

When you are thinking about buying a business there are various things that both you and a potential lender will need to consider: 

• Experience – do you have the right level of experience to run the business? How will you run it?
• Performance – how well is the business doing? Is it in a good location? Is there enough profit in the business to be able to repay a loan easily and personally benefit from?
• A deposit of 30% or more
• Good credit history
• Two years' trading accounts and income projections
• Strong proposal from Christie Finance
• Additional security
• Business plan
• Proof of experience