Browse our frequently asked questions to get help and support. If you can’t find what you are looking for, then please get in touch with us directly
Once you've your land/plot in place and a good estimation of the cost of development, it's time to call us or send us an enquiry. During the call, we'll discuss your financing requirements and find which lender best suits your individual needs.
We will require the following information (Some of this can be sent at a later date, but it's always best to have this prepared):
Proverest Finance is a comparison site for development finance. Our algorithm compares your project requirements against more than 100 lenders.
We will present you with deal offers from some of the UK’s most reputable development lenders for you to choose. Once selected, we will contact you within 24 hours to start the funding process. Read more about how it works here
We can arrange 100% full development funding, including the cost of land, stamp duty, section 106 payments and any acquisition costs. Security is held on a subsidiary with a joint venture JV agreement with the borrower.
There is no personal guarantee required from the borrower, which helps alleviate any risk for the borrower and provides an opportunity for the developer/build contractor who lacked funding an opportunity to fund developments.
We offer a variety of repayment options for your development finance loan. Check out how does it work? for more info
We offer a full 100% debt and equity package with interest charged on funds drawn and a true 50/50 profit share with the borrower after total GDC (including finance costs).
Yes, this can be for any residential or commercial development subject to lender approval.
This contract between you and your builder will fix any costs that will be payable and will not change. Even in the event of additional or unexpected costs. This is beneficial for both the developer and builder as it allows the builder to charge higher fees. In turn, the investor will know upfront exactly the costs with no surprises. You will also find that development lenders are happier with fixed-price contracts and, therefore, more willing to lend.
Complying with building regulations and ensuring you have the correct and relevant planning permissions is essential. You will need to contact your Local Authority Building Control Service to get the Building Regulation Approval.
This is of the utmost importance as you are completely responsible for complying with building regulations if you are doing the build yourself. However, if you are employing a professional building contractor to do the work, the responsibility should fall on them. But please be aware that it is ultimately the owner who is responsible and could serve with enforcement notices if it is found that any regulations were not adhered to.
At each point of the development process, it is a requirement that professional checks to safeguard that all building regulations have been observed and that any works have been completed to a satisfactory standard that meets requirements. This is normally done through the NHBC or your architect.
National House-Building Council. This is a provider of insurance and warranties for new homes that are completely independent.