BOOK A FREE CONSULTATION WITH OUR TEAM

Mortgages & Development

Facilitating and financing property development
How much can I borrow

Funding development projects with a mortgage

Property development encompasses various activities aimed at improving or constructing buildings, residential communities, commercial spaces, and other real estate projects. Mortgages play a significant role in funding these development projects.

Understanding the interaction between mortgages and development

The interaction between mortgages and development is integral to the real estate industry. Mortgages enable developers to secure the capital needed for their projects, and they provide opportunities for home buyers and investors to participate in property development.

Mortgages

A mortgage is a loan specifically designed for the purchase or refinancing of real estate. It allows individuals or businesses to borrow money to acquire property. The property serves as collateral for the loan, which means that if the borrower fails to repay the mortgage, the lender can take possession of the property through a legal process called foreclosure.

Development

Real estate development involves acquiring land, designing and constructing buildings, and improving existing properties. These activities are undertaken to create value, whether in the form of new residential communities, commercial complexes, infrastructure projects, or other real estate assets.
GET STARTED

What is the relationship between mortgages and development?

The relationship between mortgages and development can be understood in several ways:

Financing Property Acquisition

Property developers often need financing to acquire land or existing properties for development. They may use mortgages to secure the necessary funds for these acquisitions. The acquired property serves as collateral for the mortgage.

Construction Financing

Once land is acquired, developers require capital to cover construction costs. They may secure construction loans, which are a form of mortgage, to fund the building phase of a development project. These loans are typically repaid when the property is completed or when permanent financing is obtained.

Permanent Financing

After a development project is completed, developers may secure permanent mortgages to replace construction loans or other short-term financing. Permanent mortgages provide long-term, stable financing for the property.

Homebuyers and Mortgages

In residential development, prospective homebuyers often rely on mortgages to purchase newly built or developed homes. Developers, in turn, may work with financial institutions to facilitate the mortgage application and approval process for potential buyers.

Commercial Real Estate Development

Developers of commercial real estate, such as office buildings, shopping centres, and industrial properties, may utilise commercial mortgages to acquire, develop, or refinance their projects.
GET STARTED

Making property and development easy for you

Our partner company, Cotterell & Cotterell Commercial Finance Ltd can offer comprehensive advice on development finance and bridging loans.

Speak to one of our expert team members today to help you with your mortgage and development requirements at 01225 962 456 or email info@windsorhillmortgages.co.uk

WHAT DOCUMENTATION WILL I NEED

IMPARTIAL FINANCIAL ADVICE

Whether you’re a first-time buyer or a seasoned property developer our team will find you the very best deal. 

 Our experienced financial, insurance and mortgage advisors take real pride in offering impartial advice, so you’ll have the peace of mind that your best interests are at the heart of everything we do. 

 Based in Bath, we enjoy getting to know our clients and listening to their requirements to ensure we provide the right financial solutions every time. 

GET YOUR RATES

Our Accreditations & Partners

What Does a Mortgage Broker Do

Why It Pays to Get Expert Advice If you’re planning to buy a home, remortgage, or invest in property, you might be wondering: do I need a mortgage broker? While it’s possible to go directly to a lender, working with a broker like Windsor Hill Mortgages can save you time, stress, and potentially thousands of […]
FIND OUT MORE

EPCs and Energy Efficiency

What You Need to Know When Buying or Selling If you're buying or selling a property in the UK, there's one document you can’t afford to ignore: the Energy Performance Certificate (EPC). It not only tells you how energy-efficient a home is, but it can also influence the property's value, running costs, and even your […]
FIND OUT MORE

Landlord Insurance Essentials

Protecting Your Investment Property If you own a rental property, standard home insurance won’t cut it. As a landlord, you need specialist cover to protect your building, contents, and rental income. Whether you’re letting out a single flat or managing a portfolio, landlord insurance is a must-have for your peace of mind and long-term financial […]
FIND OUT MORE
1 2 3 … 13

We’d love to hear from you

Contact us for a fee-free initial consultation, our team of mortgage and financial experts is here to help.
Contact Form