Tell us what you need
A few short questions about the funding and your business. About two minutes, with no credit search.
Development finance Development finance.
Development finance.
Funding for builds and conversions.
Finance for ground up builds, conversions and heavy refurbishment, released in stages as the work goes on.
Whole of marketNo credit search to start
See my development finance matches ↗ At a glance
Development finance on our panel
- Amounts on the panel
- £100,000 to £35m From the lenders on our panel, leaving out the smallest and largest tenth of products.
- Common terms
- Up to 3 years Half of the panel's products run to 2 years or more.
- How it is released
- In stages Build funds follow a surveyor’s sign off.
Indicative only. Your terms depend on your business and each lender's criteria.
What it is
Development finance, explained.
Development finance funds the purchase of a site and the cost of the build. The land or property element is usually advanced at the start, and the build costs are released in stages as a surveyor signs off each phase of work.
Lenders look at the total cost of the project and its gross development value, which is what the finished scheme is expected to be worth. Interest is usually rolled up and repaid with the loan when the units are sold or refinanced.
Who it suits
- Developers building new houses, flats or commercial units
- Conversions, such as offices into homes
- Heavy refurbishment of existing buildings
- Experienced developers, and with some lenders first time developers
How it works
From question to options.
We arrange development finance by sourcing lenders from across the whole of the market. You stay in control of every decision.
See your options
We match your answers against lenders on our panel and show indicative terms for your business.
A broker takes it forward
A broker goes through your options, prepares the appraisal, costs and build programme the lender needs, and takes your application to the lender you choose.
Good to know
Development finance, answered.
What is loan to gross development value?
It is the loan as a share of what the finished scheme is expected to be worth. Lenders also look at the loan as a share of the total costs, known as loan to cost.
Do I need development experience?
Some lenders only work with experienced developers, while others consider first time developers, often with an experienced contractor and professional team in place.
How are the funds released?
The site or property element is usually advanced at the start. Build costs are then released in stages, each one after a monitoring surveyor confirms the work is done.
Do I need planning permission?
Development lenders usually need planning permission in place before build funds are released. If you are buying a site before planning is granted, a bridging loan may suit the purchase.
How is the loan repaid?
From selling the finished units or refinancing onto longer term finance once the build is complete.
Is Kyma the lender?
No. Kyma Business Finance is a credit broker, not a lender. We source options from lenders across the whole of the market and take your application to the lender you choose.
Tell us what you need.
See your terms in 2 minutes.
Indicative development finance terms from lenders across the whole of the market.
See my development finance matches ↗No credit search to startWhole of market
