James Bloom

Top tips for a successful finance application

Partnerships are key to successful developments and, as with any partnership, it is important that you set off on the right foot, so it is essential to demonstrate to a potential lender that your scheme is well planned and considered right from when you submit an application for finance.


With this in mind, what steps can you take to present a good impression to a lender and help your case to be processed quickly and efficiently?

In some ways, the clue is in the question. Presentation is vital when it comes to submitting an application for development finance. Think about what information you would want to see that would give you the assurance to lend money on a scheme and deliver that information in a way that is clear, transparent and honest.

Here are some considerations:

  • provide supporting evidence

The more detail you can provide to support your predictions, the better. Your draft projections, therefore, might include:

  • cost analysis of improvement and renovation works
  • market comparison of local sale values
  • expected occupancy/rental on completion
  • demonstrate a track record

Projections are always more compelling when they come with a track record of success. Where you have previously developed residential or commercial property, ensure your portfolio/application reflects your experience.

Additional security

At Alternative Bridging, all our UK development finance is individually structured to meet your circumstances. If you can offer some form of additional security, it may make approving your loan an easier or quicker process or enable us to offer a larger sum.

Choosing your lender

Another key consideration is choosing to partner with a lender that has specialist expertise in property development finance and, consequently, the knowledge and appetite to be able to approve even complex applications.

A number of new lenders have diversified into development finance only recently, which means they may not have the experience required to be able to arrive at a positive conclusion to a difficult lending decision or are unable to process the loan in the time available.

You can’t always guarantee a positive response to a development finance application, of course, but by choosing to partner with the right lender and following these tips, you can certainly improve your chances.

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