Guide to Development Finance for Small and Medium Size Housebuilders
The Guide to Development Finance for Small and Medium Size Housebuilders is the result of a collaboration between UK Finance and the Federation of Master Builders. Accessing finance as a small-scale housebuilder is one of the most significant elements of the development process, and can be a daunting prospect, particularly for less experienced developers.
This guide aims to help housebuilders understand development finance, where it sits within the housebuilding process and why finance providers look for the information they do. With availability of finance still a key concern in the industry, it is important that developers are informed about how to present their finance applications to lenders to improve their chances of success, as well as the alternative options available if an application is turned down.
Borrowers are no longer solely reliant on large banks (though these remain a very important source of finance in the market) and the guide also offers SME housebuilders advice on how to make the most of the increasingly diverse range of finance options available.