How to fund property development
Setting up a new business or renovating a house can be an exciting new venture but finding the funds for such a project can be daunting. This is where development finance comes in, with many different finance options to prepare you for the task ahead, ensuring you can complete your development without any financial concerns. This solution is very popular with property developers and investors; having immediate finance in place means that you can devote all your energy to the smooth running of your project.
Development finance allows you to borrow between £25,000 and £10 million towards the renovations and refurbishments of a property of your choice. With interest rates starting at just 0.75%, taking out property development loans is more attainable than ever. Once you have submitted a funding application to Aurora Capital, your decision will be returned within a few days. You can also receive an offer in principle, giving you an estimated amount to decide on your final planning.