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Development loans: Established lender looking to help new clients.

by Andrew Montlake on 25th August 2020

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Development loans: Coreco has access to a CBILS developer lender! However, the funds won’t last long … 

The right development loan finance can help you turn a development project into a dream home or a profitable investment. Development loans are available for new builds, refurbishments or conversions and developing to let.

  • Development loans 60% GDV, 80% of Costs
  • No lender arrangement fees
  • No interest payable in the first 12 months
  • Survey fees, Legals, monitoring, and QS fees potentially reimbursed (limits apply)
  • £1-5m development loan amounts considered. Larger amounts can be considered with standard finance on top
  • Available in England, Scotland, and Wales
  • Coreco will charge a broker fee of 1.5% on drawdown (can be added to the facility)

If this catches your eye, do give us a call on 020 7220 5110 or contact us here and one of our experienced, professional brokers will be delighted to assist.

Your property may be repossessed if you do not keep up repayments on your mortgage. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

Written by Andrew Montlake

Managing Director

Andrew Montlake is more than a traditional MD, he is our very own brand guru, who knows everything there is to know about Coreco – so he’s our go-to guy when the media ask what we’ve been up to. As such, he is regularly quoted in the media with appearances on BBC and SKY TV as well as National and local Radio. It also surprises many to discover he’s actually a closet rock star, singing in Rogue Monkey when he’s not working at the coal face for clients like you.

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