How Does Property Development Finance in Scotland Work

Borrowing for a development project is based on a percentage of the property or land purchase price, or if a planning gain has increased the value the borrowing can be based on the value. Thereafter, refurbishment costs or ground up build costs are funded in arrears with monthly drawdowns based on a Quantity Surveyor's report. What is the Minimum Loan Amount? The minimum loan amount for property development funding in Scotland is £750,000. However, bridging finance from £50,000 can be used for smaller developments.