Occasionally developers may reach the end of a project only to find they do not have the funds to quite finish the job having depleted all their resources and require additional funding. Sales Period Finance is a short-term loan which can be secured by recently completed projects designed specifically to help see a project through its completion.
To be accepted for Sales Period Development Finance the development needs to have reached its practical completion or be materially complete with a NHBC/New Homes Warranty issued or near sign off. The funding may in some circumstances be held back to allow for minor snagging or completion of works. An individual house or unit should not exceed the maximum of £1,000,000 in value or the finance may be rejected. All loans are secured as a first charge on the development property.
Top up funding to fill the gap
Solutions to purchase or refinance land
Specialist renovation finance for your needs
Your Commercial Finance is a trading style of Your Mortgage Broker (Cardiff) Ltd which is directly authorised and regulated by the Financial Conduct Authority (FCA).
Our FCA registration number is 765678. You can find us on the FCA register at https://register.fca.org.uk/.
The FCA does not regulate some forms of buy-to-let, overseas and commercial finance and taxation advice.