property development finance Chester

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New & experienced developers.

‘Ground up’ residential, commercial & industrial property all over Chester, Cheshire & North Wales.

Up to 75% LTGDV & 100% of build costs.

Building a property in Chester? Refurbishing it?

There is more to Chester than a racecourse, cathedral and the remains of a Roman Empire! It’s also one of the centres of the UK financial services industry with leading players like Bank of Scotland, Lloyds, MBNA and Marks and Spencer Financial Services all basing their businesses here. Chester is home to a raft of property development firms and Any Type of Loan are at the forefront of this, as we have been providing bridging and development finance to the residents of Chester since 2008.

We can help you purchase a property at auction and then also provide the development finance to refurbish it. We can also provide development finance for building a brand new property from the ground up.

If you are looking for Property Development Finance in Chester, Cheshire or North Wales, we have you covered:

No upfront fees for our Development loans

No exit fee options on all of our loans

The widest choice of specialist lending options

We are the large loan specialists

Nothing to pay until your loan term finishes

*Interest is rolled up to the end of the term

If you have an experienced main contractor onboard

Absolutely no searches at the enquiry stage

Fully credit backed to give you peace of mind

how it works

It couldn’t be simpler

Complete the simple enquiry form here. No credit searches are done

We search the market for the best rates, highest loan amounts & the lowest fees

We come back to you with 3 offers. NO JARGON GUARANTEED!

You choose the best offer & we do everything else until your loan completes

about us & what we do

About us

We have been established since August 2008 and are based in Linenhall House, Watergate Street, Chester City Centre and also have a satellite office in Conwy, Clwyd, North Wales.

We have completed bridging loans and property development finance Chester and all over Cheshire and North Wales. Locations such as: Chester, Tattenhall, Upton by Chester, Hoole, Mollington, Saltney, Wrexham, Tarvin, Broughton, Tarvin, Rossett, Mold, Corwen, Rhyl, Llandudno, Wrexham, Bangor, Caernarfon, Porthmadog, Flint, Holywell, Prestatyn, Llangefni, Beaumaris, Rhos on Sea, Ruthin, Connahs Quay, Llangollen, Llanberis, Holyhead, Abersoch and many more.

We are considered one of the leading specialist mortgage brokers in the UK and we are totally independent, meaning that we can search from our panel of over 200 lenders to find you the right loan for your specific circumstances.

Property development finance can be complicated but we remove the mystery, the confusing paperwork and the complex jargon that lenders use.

We understand the Chester property market inside out and our range of lending options are second to none.

Keeping it simple is our motto.

PROPERTY DEVELOPMENT FINANCE CHESTER
NO BROKER FEES
HEADS OF TERMS FROM LENDERS PRODUCED THE SAME DAY YOU APPLY
GROUND UP PROPERTY DEVELOPMENT FINANCE FROM £100,000 TO £25M
MONTHLY INTEREST RATES FROM JUST 0.62%
LOANS AVAILABLE ON RESIDENTIAL, COMMERCIAL AND INDUSTRIAL PROPERTIES
WE PROVIDE COMMERCIAL MORTGAGES UP TO 25 YEARS FOR TRADING BUSINESSES
WE CAN ALSO FUND FARMS, FARMLAND, AGRICULTURAL LAND IN ENGLAND, WALES AND SCOTLAND
INDUSTRIAL UNITS AND INDUSTRIAL ESTATES IN ENGLAND, SCOTLAND AND WALES
LAND WITH OR WITHOUT PLANNING – FOR DEVELOPMENT SITES – LAND MUST HAVE PLANNING
PROPERTY DEVELOPMENT FINANCE UP TO 70% OF THE GROSS DEVELOPMENT VALUE (GDV). THIS IS THE VALUE OF THE PROPERTY AFTER ALL WORK HAS BEEN COMPLETED.
DRAWDOWNS (THIS IS WHERE THE MONEY IS RELEASED TO YOU IN STAGES) IS ALWAYS DONE IN ARREARS, MEANING THE WORK IS DONE FIRST AND THE MONEY IS THEN RELEASED.
INTEREST CAN BE ROLLED UP (PAID AT THE END WHEN YOU SELL OR REFINANCE THE PROPERTY), DEDUCTED FROM THE INITIAL LOAN OR SERVICED (PAID MONTHLY)
100% OF ALL DEVELOPMENT COSTS CAN BE FUNDED
LOAN TERMS FROM 3 MONTHS TO 24 MONTHS
PORTFOLIO BRIDGING AVAILABLE IF YOU HAVE A NUMBER OF PROPERTIES THAT NEED REFINANCING
BESPOKE, SPEEDY SERVICE FOR LARGE DEVELOPMENT FINANCE ABOVE £2M

There can be a lot of associated costs with a development finance loan, we break the most common ones down below:

Broker Fee
We do not charge broker fees so you will not pay us a penny directly when you apply through us.

Some brokers charge up to 3% of the loan amount so you have to be careful…

Arrangement Fee
Every lender charges an arrangement fee. Sometimes lenders call this an arrangement fee and this fee is usually between 1 & 3% of the total (gross) loan amount. Gross loan amount means the total money borrowed plus all interest and fees added on top.

Exit Fee
Also known as a completion fee, this fee is charged when the loan is repaid at the end of the term. Like an arrangement fee, this fee is between 1 & 2% of the total amount repaid. However, we tend to only use lenders who do not charge this fee.

Chester is a city located in the northwest of England, known for its rich history and cultural significance. It is situated on the River Dee and is the county town of Cheshire. The city is well-known for its unique architecture, including the famous black and white timbered buildings in the city centre.

Chester has a rich history, dating back to Roman times. The city was founded in 79 AD as Deva Victrix, a fortress for the Roman army. Today, many Roman ruins can still be seen in Chester, including parts of the city walls and the amphitheatre. The city’s Roman heritage is celebrated every summer with the Chester Roman Festival, which features reenactments and displays of Roman culture.

In addition to its Roman heritage, Chester is also known for its medieval history. The city has a number of well-preserved medieval buildings, including the cathedral, which dates back to the 11th century. Other notable medieval buildings include the rows, a series of covered walkways with shops on two levels, and the Eastgate Clock, one of the most photographed clock towers in the world.

Today, Chester is a bustling city with a thriving shopping district, a wide range of restaurants and bars, and a vibrant arts and culture scene. The city hosts a number of festivals throughout the year, including the Chester Literature Festival and the Chester Food and Drink Festival.

Chester is also an important educational centre, with several universities and colleges located in the city. The city is home to the University of Chester, which is renowned for its courses in education, health, and the creative arts.

Overall, Chester is a charming and historic city that offers something for everyone, from history buffs to foodies and culture vultures. With its picturesque streets and stunning architecture, it is a must-visit destination for anyone exploring England’s northwest.

recent property development loans

Chester school conversion

£1.1m Bridging loan &
£1.7m Development Finance
Rate of 0.75% pm
66% Loan to GDV
30% PG

Industrial estate in Wrexham

£600k Bridging loan &
£930k Development Finance
Rate of 0.95% pm
70% Loan to GDV
0.5% exit fee

Land with planning in Denbigh

£420k Bridging loan &
£2,520,000 Development Finance
Rate of 0.72% pm
69% Loan to GDV
NIL exit fee

FAQs

What is property Development Finance?

What is Property Development Finance?

Development Finance is a type of funding that allows you to build a house or houses, commercial units and other structures from the ‘ground up’. It also allows you to convert buildings into something else, like offices into apartments, a church into a house or build a housing estate on land after you have gained planning permission.

Yes it is like a traditional mortgage but the major difference is, it allows toy to buy a property or land without having to worry too much about your credit history.

You see, like a bridging loan, a development finance loan is based on the asset, in most cases property but also land. The land can be funded even if it has no planning in place (bridging loan) or with full planning which will then allow a development finance loan to used.

There are over 200 different bridging lenders in the UK (yes, 200!) but only about 30 of them offer development finance…And even less offer ground up development finance. Some are major financial institutions like banks and some are specialist lenders you may have heard of like Aldermore or Shawbrook.

However, there are literally hundreds of smaller, alternative finance lenders who generally take more risks than the big banks and this allows them to lend against unusual or unmortgageable assets.

From a bridging loan perspective, it could be buying a house at auction. It may be buying another property before you have sold your existing one or it may even be because you want to buy a piece of land that doesn’t currently have planning permission.

For development, it may be that you have seen a piece of land, designed plans with an architect and submitted a planning application to build 3 or 4 houses. This is the element that is commonly called ground up development finance.

Whatever the reason, development finance can be quick and relatively simple to apply for, if you know what you are doing. Lenders can be great to deal with when the application is packaged and presented to them perfectly but they can also be a nightmare if they feel the loan application looks amateurish.
How does the actual finance work?

Unlike a bridging loan or other traditional mortgage or secured loan, a development finance loan is released to the borrower in stages.

The borrower has to complete a certain amount of work and once they have done as much as they can (usually when they have exceeded or are about to exceed their own funds), they arrange for the lender’s Quantity Surveyor (QS) to call out and inspect. Once the QS confirms in writing to the lender that x amount of works have been done satisfactorily, the lender releases some of the money.

Example: Borrower spends £60k ‘getting out of the ground’, footings, etc. The lender QS goes out to confirm that the work has been done and confirms the same to the lender. The lender then releases the £60k directly to the borrower.

And do on and so on.
Is Ground Up Development Finance different?

Yes it is because this is where the project is being built from scratch, from the ground up, hence the term, ground up development finance.

This presents more risk to a lender due to the fact that the borrower/developer will have to dig below ground to install the footings/drainage,etc and this is where a lot of problems with development finance happen – ‘the parts you can’t see below ground’.

That is why it is essential that the borrower has experience.
How much can I borrow with Development Finance?
Do Banks offer Property Development Finance?

If only! Everyone asks this question but the simple answer is no, they don’t, certainly no banks in Chester or North Wales that we are aware of. The usual excuse is that offering development finance is riskier than offering a residential mortgage for example and we understand that.

However, if you choose the borrower carefully, the quality of the asset or security is good and you do your usual lender due diligence, then there is absolutely no reason at all why banks and other high street lenders shouldn’t offer property development finance.
Can you fund Modular Construction development?
Is Development Finance expensive?

Compared to a normal mortgage then yes it is.

But you have to remember…These are risky products for lenders. Yes, if it goes well then both the borrower and the lender can earn a LOT OF MONEY. However, if they get the deal wrong then both the lender and borrower could be in a lot of trouble.
Do I need previous ground up development finance experience?

Yes you will. There are two distinctions in development finance. One is where you are refurbishing an existing building but the loan will still be drawn in arrears as you continue with the refurb.

The second one, ground up development finance, is much more difficult as there are so many pitfalls and it is a million miles away from just completing a refurb on an existing structure. There can be so many problems below ground, before you even think of the first course of bricks that most lenders will insist on both the borrower and the main contractor they are using, to have suitable experience.
Are you a lender or a broker?

We are an independent specialist mortgage broker based in Chester City Centre that covers the whole of the Chester, Cheshire and North Wales region.

This means that we search through our panel of 200+ lenders to find you the right loan at the right interest rate with the lowest possible fees.

The beauty of trying us instead of a lender directly is that we can offer a whole range of products, whereas a lender can only offer their own set of specific products.

Therefore, using a mortgage broker like us gives you way more options.
Do you charge upfront fees?
What are your lending limits?
What products do you offer?
Do you accept bad credit?

The honest answer is that it depends.

If our lenders feel the asset is good quality and that we are confident we can protect their capital if the deal does subsequently go bad, then we will definitely consider it.

We do lend and have lent to individuals with less than perfect credit and in every case, there is usually a story to tell…One that we are happy to listen to in an attempt to see if we can help.
What is your exact charging/fee structure?

It’s really simple.

We do not charge broker fees at all.

You will have solicitor fees to pay – the lenders and your own.

You will usually have a valuation fee to pay (unless it’s being re-typed).

In the case of development finance, you will have a Quantity Surveyor (QS) fee to pay. This usually consists of an initial one off fee and a fee every time they visit the property to undertake an inspection.

That’s it.

There NO BROKER FEES (we never charge them), NO UPFRONT FEES, NO OTHER ADMIN FEES, NO OTHER LENDER FEES AND NO OTHER HIDDEN COSTS.

Simple.
Can I use development finance for land with planning?

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