Property Finance
Capital to take a development from site to completion.
Funding for land acquisition and construction, released in stages as the development progresses.
- Facility
- £250,000 to £50m
- Term
- 6 to 36 months
- Speed
- To 70% GDV, to 100% of build
- Security
- Staged drawdown
Development finance funds land purchase and build costs together, up to around 70% of gross development value and as much as 100% of build costs. It can be used for ground-up developments, conversions and heavy refurbishment projects.
The funding is not handed over in full at the start. An initial advance can fund the land purchase, with build costs then released in stages as the scheme progresses and a monitoring surveyor certifies the completed works. This allows the facility to move with the development from acquisition through to practical completion.
Lenders want four things before they will look: planning in place, a costed schedule, an experienced main contractor and a credible exit. That exit will typically be the sale of the completed units or refinance onto a longer-term facility. Once a scheme reaches practical completion, development exit bridging can clear the more expensive build facility and provide additional time to sell or refinance.
- You have planning in place and a costed development schedule ready to fund.
- You want to fund land purchase and build costs within the same facility.
- You want to preserve cash by drawing build costs in stages as the scheme progresses.
- You are undertaking a conversion or heavy refurbishment rather than building from scratch.
- You need development exit bridging at practical completion to clear the build loan and provide more time to sell.
Enquire
Talk to us about development finance
Indicative terms in as little as 24 hours. Confidential, and no cost to you.
From first call to funds drawn.
- 01
Conversation
We review the scheme, the numbers, the contractor and the planned exit.
- 02
Terms
Indicative day-one advance, build tranches and total facility set out clearly.
- 03
Monitoring surveyor
A surveyor is appointed to certify each stage before funds release.
- 04
Staged drawdown
Cash is drawn against certified works, so plan around drawdown timing, not the headline number.
The questions we're asked most about development finance. If yours isn't here, ask us directly.
For most facilities, yes. Some lenders will consider a scheme subject to planning, priced accordingly.
Yes, on smaller schemes, provided you appoint an experienced main contractor and the numbers hold.
In stages against a monitoring surveyor’s certification of works completed, so plan cash flow around drawdown timing, not the headline facility.
- £50,000 to £25m
Property Finance
Bridging Finance
Short-term property funding when the money has to land before the sale does.
- £100,000 to £25m
Property Finance
Commercial Mortgages
Owner-occupier and investment property purchase and refinance.
- £50,000 to £10m
Property Finance
BTL Mortgages
Limited company, HMO and portfolio buy to let, held for growth.
