A wholly owned subsidiary of Lloyds Banking Group, Halifax was officially founded in the year 1852. One of the first true ‘building societies’ to open its doors in the UK, Halifax was established to help address the country’s severe housing shortage. Halifax now forms part of the Lloyds Banking Group, which employs more than 75,000 people, has over 30 million customers and is the UK’s leading provider of current accounts, savings, personal loans, credit cards and mortgages.
Like most mainstream lenders, Halifax offers an extensive range of residential and commercial loan products for all purposes. Development finance as a specific product is not currently available, but Halifax will nonetheless consider the provision of loans for a variety of purposes. Property purchases, buy-to-let investments, shared ownership and so on – all applications are considered by way of individual merit. In addition, sufficient collateral is required to secure all such loans, which are usually subject to extensive credit checks and client screening.
Halifax is one of the most popular and successful banks on the High Street. However, this doesn’t necessarily mean they’re the best bank for your unique needs. If you’re looking to secure development finance for any purpose, we generally recommend sticking with development finance specialists. Rather than using more traditional financial products to cover the costs, why not work with an experienced development finance team? If you’re looking to secure the best possible deal and access the lowest rates on the market, you’re in safe hands with Donkey Finance.
As a whole-of-market broker, we’re able to access outstanding development finance deals you won’t find elsewhere. We work closely with major names like Halifax, along with dozens of independent specialists up and down the UK. We understand the importance of affordability and accessibility, when looking to secure funds for property development purposes. We also acknowledge the value of streamlined application processes and prompt pay-outs.
That’s why Donkey Finance takes care of everything on the borrower’s behalf. Simply let us know what you need and we’ll get to work finding you an unbeatable deal. Our online loan calculator is ideal for evaluating borrowing costs and establishing your requirements. We’ve simplified every aspect of the application process, often completing development finance transactions in a matter of days. Donkey Finance specialises in the kind of prompt funding you simply will not find anywhere else.
Whether you’re new to development finance or an experienced property developer, we’d be delighted to hear from you. As a fully independent broker, you can count on Donkey Finance to provide you with honest and objective advice at all times. If Halifax is the best bank for you, we’ll let you know. If you’re better off with a specialist development finance lender, we’ll show you the way.
Contact a member of the Donkey Finance team today to discuss your requirements in more detail.
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