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There are several ways you could choose to pay for your development, but using a development finance specialist is the most obvious. These companies are designed to loan money to development projects, realising their returns when the project is completed. So how do you find a development specialist?

Experience.

If this isn’t your first development, then you will probably have borrowed money from a development finance specialist before. If you are happy with their service, then experience would suggest that there’s no reason to change. On the other hand, if you were let down, or you need more flexibility, then it’s time to shop around. Bad service lets you know what to look for in your new finance provider, and what questions to ask.

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  1. Recommendation and referral.
  2. Good businesses get many of their clients through recommendation and referral, and finance companies are no different. By providing a high standard of service to clients and consistently finding the best finance products for their needs, companies attract new companies. Ask around for recommendations on finance specialists.
  3. Internet searches.

Posted by Someone on April

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Most people turn to the internet when they want to find products or services. Whilst this is a great way to come up with a list of names, you should also make sure that you check each company out before you commit to anything. Call them, or get in touch via email and have some key questions ready so that you can get a feel for the type of business they are. Questions could include:

• Can you give examples of your previous successful projects?

• What percentage of my total costs can you lend me?

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• What are your repayment terms?

• Can I tailor my loan to the length of my project?

• Do you provide finance for bridging loans?

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