Most finance brokers will tell you that Maximum Property renovation finance is one of the most often requested of the specialist finance products. Although there are several special requirements for this type of property finance, it is possible to find lenders who are willing to help.

The proposal must demonstrate a substantial profit. It does not matter if it is a renovation or development scheme, but either way the end value will need to show at least 25% return on investment. For a basic estimation simply add together the purchase price and development (or refurbishment) costs then multiply by 1.25 For example if a site costs 200,000 and the development costs are 33,000 the total costs are 233,000. The sales price would then need to be at least 295,000. naturally this is a very rough estimation but it does give a good starting point.

Another very important issue to address is the reason why the property developer needs to raise Maximum Property finance. There is no right-or-wrong answer, but a credible reason is vital. Whilst a applicant may have all their available capital tied-up in an on-going project there can be many other perfectly good reasons why cash is short. Problems can arise when an inexperienced property developer tries to raise high levels of finance. Although their lack of experience can be a problem, the main issue is their lack of support.

The more projects they complete a property developer will assemble a team of people to support them, this will consist of suppliers, trades people and specialists such as architects, quantity surveyors and solicitors. This team becomes an asset and a good quality team can go a long way towards impressing a bank.

Maximum Property finance can either be supplied by one bank or, more often, be provided by a combination of a main lender and a second specialist lender "toping up" the finance. Either way 100% property development finance can be a very specialised form of lending and using a specialist loan broker can be a good idea.