Development Finance Broker
Development finance can be extremely fruitful, if carried out wisely. Although, it can be rather confusing to handle all by yourself. There are many ins-and-outs when it comes to development finance, which is why it’s best to seek out the right advice on your journey.
Advice is just one big benefit that comes with hiring a development finance broker. As one of the leading financial specialists in the UK, we’ve put together this blog to help you understand a few of the main benefits that come with hiring development finance brokers.
What Is Development Finance?
Before getting into the benefits of financial specialists in the UK, it’ll help to give you a brief on what development finance is to begin with.
Development finance is a broad term to describe mortgages, mezzanine finance, term loans, and more. In itself, it is a type of short-term funding that provides one with finances to help out with refurbishments of commercial and residential properties, as well as new constructions.
Simply put, if you’re looking to revamp an old property of yours or build a whole new site, and need funding for it, development finance is your best bet.
Where Do Development Finance Brokers Come In?
Now that we’ve caught you up to speed with development finance, here are 5 big benefits that come with hiring development finance brokers in the UK:
1. They’ll Help You Find The Best Deal
It’s common knowledge that gaining funding for property development can be difficult. In fact, getting the right property development loan is considered to be on the harder side of the spectrum when it comes to funding. For example, with residential mortgages, you can find many online comparison sources to help you make a smart decision. It’s not so simple with development finance lenders, though.
That’s where financial specialists in the UK come in. We can help you find the right deal through thorough research of the market. You won’t need an online comparison tool, because we’ll be able to zero in on the right option for you, specifically. We have the knowledge required to match the right lender to you right from the get-go, saving you lots of time.
2. You Get Full Market Access Through One Source
Our financial specialists in the UK are well-versed and connected when it comes to the development finance market. This means we can use our connections to secure deals that suit your needs, fast.
Choosing to find a deal by yourself involves hours and hours of internet surfing, phone calls, and research. When you sit down and discuss your terms with our development finance brokers, they’ll be able to help you find the right lender, on your terms.
3. Impartial & In-Depth Advice
Another huge benefit that comes with hiring development finance brokers in the UK is the transparency you recieve. As financial specialists, our job is to find the best possible lender for you. Since we aren’t tied to lenders, we are impartial in our advice. This means we do the research for you, and give you the best options based on pure business. We are here to help you, and not be guided by anything else.
4. You Won’t Have To Deal With Negotiations
In some circumstances, there is room to negotiate when it comes to development finance. To find the best deal, you may be able to negotiate on the interest rate. This can be stressful and hard to do without the right knowledge of knowing what the starting point is…
Our development finance brokers can help you find the right deal and, where appropriate, negotiate for you. Our goal is to gain the lowest rate and fee package against the requirements of the project.
5. Say Goodbye To Tedious Paperwork!
Development finance is a time-consuming process on its own, when you go about it alone. Nobody likes endless paperwork, form-filling, and needless back-and-forthing with lenders. This is usually what the process is like without a development finance broker in the UK. This is largely due to the fact that securing funding for property development is also a long process.
When you choose to opt for a financial specialist, all these tasks are taken off your plate. Paperwork, forms, and communicating with the lender are our burdens to bear, and we’ll gladly do it for you to help you save time (and money).
Conclusion
Now that you know 5 big benefits that come with hiring a development finance broker, you’re probably searching for one yourself. Your search is over! PFN Finance is here for you. Our financial specialists in the UK can help secure the best deal for you. Contact us to know more.
