Case Study
Development Finance for two detached new build houses in East Sussex
Having secured planning permission to develop two 4 bed houses in the back garden of his personal property, Beaumont discharged the developers existing debt on the site and advanced 100% of the construction costs over 3 drawdowns. The developer had been waiting weeks for responses from other lenders when Beaumont agreed terms within 3 working days.
Loan information
Loan value
£1.05m
LTGDV
50%
Loan duration
18 months
Interest rate
0.91% per month
Arrangement fee
None
Exit fee
Profit share
Why the developer chose Beaumont
- Flexible approach to securing funding
- Fast, reliable service
- Ease of communication and drawdown
Beaumont offered me a competitive rate for my development finance and an easy process, highly recommended speaking to them for development funding.”
SP Development