Verified Value For 100% Development Finance

Usually developers for property are required to deposit for site acquisition and build cost in order to get development finance UK. The normal 70/70 lending ratio which was usually offered by high street banks is now being challenged by incisive property developers, short term financiers and new property development finance lenders. Sometimes, though, a project may need 100% development finance; whether it is for residential or commercial development finance.

One way to raise this development finance requirement is to purchase the property (or land) under a verified value. This means that the developer should be able to know their market and spot a property development bargain. The bargain will be the basis of acquiring the said property. Usually, the purchase price in the bargain is lower than the market value. If the bargain is agreed between the buyer and the seller, the seller should be able to prove to the lenders that such arrangement exists.

The company for development finance UK will be the one to look for a lender who is willing to provide needed 100% development finance with the purchase price lower than the market value. Those who are usually into these arrangements are experienced and trusted developers who have gained good relationships with sellers and has proven track record.