What are the Costs with Barclay Weston Property Development finance?
Like all development finance lenders you will be required to pay either a commitment fee or an arrangement fee of 1-2 % of the loan amount these are really one and the same thing apart from that a High street bank will want this fee-paying before processing your loan application, with a specialist lender it is called an arrangement fee and you do not pay it until you have actually drawn down your loan, high street banks will also ask for an exit fee, this will be based on the GDV (Gross Development Value) and could be as high as 2% of the GDV, no such fee is charged by a specialist lender. Interest rates vary from 4%-10% per annum depending on the loan to value offered and how attractive to a proposition is to a lender.
Other fees you will be required to pay to include a valuation fee and fees for both the lenders and your own legal work.
1st UK Finance deals with all of the lenders in the UK, so get in touch and we will quickly tell you what is available for you and what the costs will be call us now or use our web form and we will contact you by return.
With over 20 years experience you can be assured of the very best help and advice from our team.
1st UK Finance Specialise in sourcing Development Finance so get in touch and we will compare the whole market for you to get you the very best terms for your bridging loan Quote. Call us 24/7 or use our online contact form today.
We offer finance to both individuals and or limited companies and also partnerships, most developers actually set up a new ltd company for each project and then dissolve it once the scheme has been completed.
Property development loans are not FCA regulated and so not covered by the financial conduct authority
Property Development Finance & Loans
Experts at arranging Development Finance
No Broker Fees
FCA Regulated Firm
Helping our Clients for many years
Many five star reviews from clients
Always tell you how it is
No upfront or broker fees
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