HSBC is one of the world’s largest banking and financial service organisations. Founded in 1865 to finance trade between Asia and the West, HSBC has grown to become a global banking powerhouse with more than 38 million customers. According to the bank, its purpose is to “enable businesses to thrive and economies to prosper, helping people fulfil their hopes and dreams and realise their ambitions.
One of the largest and most prosperous banks in the world, HSBC offers an extensive portfolio of development finance options. Working with property developers at all levels, HSBC promises competitive rates of interest and minimal borrowing costs. Fees and interest rates are calculated on a case-by-case basis, with both fixed-rate and variable loans available.
Right now, HSBC is offering development finance for up to 75% of the total value of the property. Loans are available starting from £25,000 with no specific maximum limit. A variety of flexible repayment options are available, which include repayment periods from 2 years to 30 years, along with the option of choosing monthly or quarterly interest payments.
It’s also possible to defer a maximum of two loan repayments each year, without facing penalty fees. Interest rates can be fixed for a maximum of 10 years, after which the APR may vary in accordance with the Bank of England Base Rate.
If you’re looking for the very best development finance deals in the UK, you need to compare the UK market in its entirety. Here at Donkey Finance, we specialise in securing unbeatable deals on outstanding development finance products for all purposes. Rather than scouring the market for an affordable deal, why not let us handle things on your behalf?
Working closely with major banks like HSBC, we’re able to pinpoint the perfect loan product for every applicant. Our network also extends to dozens of dynamic independent lenders, which often outperform High Street banks with unbeatable deals. With the help of Donkey Finance, you’ll by looking at not only a competitive rate of interest, but also the lowest possible borrowing costs on your ideal loan.
As an independent UK broker, you can rely on Donkey Finance to provide you with honest and impartial advice at all times. Whatever your requirements and however urgent the case may be, we’ll do whatever it takes to set you up with an unbeatable deal.
Whether it’s HSBC or a dedicated development finance specialist you need, we’ll find the best deal the UK market has to offer. Get in touch with the team at Donkey Finance today to discuss your requirements.
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