MOVA / Development Finance
Development finance.
Understand the funding behind it.
Acquisition, construction and the exit need to work together. Discuss your scheme with Steven to establish the information and specialist input the enquiry may require.
Initial conversation at no cost · No pressure to proceed
Start with what matters to you.
You do not need to choose a product before getting in touch. Bring your plans and your questions; Steven will help you understand the next step.
Three things to clarify
Prepare your development finance enquiry.
The scheme
The site, planning position, build schedule and professional team set the context.
The funding structure
Acquisition and build costs may be funded differently, with conditions for staged releases.
The repayment route
Sales or longer-term borrowing need a realistic timetable and a fallback plan.
Start with a complete project budget.
Separate acquisition, construction, professional fees, finance costs and contingency. Explain what you have already paid and how much cash remains available. The funder will need to assess the scheme and the people delivering it; a headline property value does not establish a funding offer.
Understand the measures in the proposal.
Gross development value, or GDV, is the projected completed value. Loan-to-cost compares borrowing with project costs; loan-to-value and loan-to-GDV compare it with the relevant property value. A lender’s definitions and calculation basis matter, so check what is included. These measures are not interchangeable.
Plan for staged funding and monitoring.
Build funding may be drawn in stages, subject to progress checks and facility conditions. Monitoring surveyors, valuation and legal work can form part of the process. Discuss the timing of contractor payments and the cash you need between drawdowns.
- Share your experience and details of the professional team.
- Identify planning or other conditions that must be satisfied.
- Allow for the impact of delays, cost increases and slower sales.
Your questions, answered
Clearer on the detail.
Ready for the next step.
Have a question that is specific to you?
Does a strong GDV guarantee funding?
No. Costs, experience, planning, security, market conditions and the wider proposal also need assessment.
Can I discuss a scheme before all details are settled?
Yes. Be clear about what is confirmed and what remains uncertain so the next information requirements can be identified.
Who decides whether the facility is available?
The funder makes the lending decision. MOVA can discuss the enquiry and whether specialist input is needed; funding is not guaranteed.
A practical next step
Talk through your plans
with Steven.
An initial conversation can help you understand where to start and what information may be needed next.
Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. Some forms of commercial mortgage and buy-to-let mortgage are not regulated by the Financial Conduct Authority. Finance is subject to eligibility, underwriting, valuation and legal checks. Fees, charges and relevant terms will be explained before you choose to proceed.