Property Development Finance
Property Development Finance
Whether embarking on a new building development or heavy refurbishment, having the funds to kickstart your project is always crucial. We created our property development finance options to help you get your plans off the ground.
What is property development finance?
Within the lending market, a specific property development finance product can fund the construction of residential, commercial, or mix-use premises. It covers specialised, short-term loans that apply to a wide range of projects, from renovating a single residential unit to constructing new build developments.
With this type of finance, the loans are drawn in stages as the project progresses. Loans are determined on a case-by-case basis, with interest rates set accordingly.
For projects requiring heavy refurbishment, or ground-up developments, development finance is likely to be the most appropriate finance. Funding can cover both land purchase and building costs in cases where construction is starting from scratch.
Get in touch
Our expert team is here to guide you through your journey. Tell us about your needs, and we will be happy to help.
If you already have a relationship with one of our team members please visit, Meet the team.
How to finance your property development project
A property development loan is based on the viability of a project and its potential to produce revenue and profits. Finance is also subject to appropriate planning permission.
As a starting point, these factors will determine eligibility to qualify for our finance options:
- Lend across mainland UK
- The loan amount is between £2-45m
- You have relevant experience
Various aspects are assessed during the application process, including build type, valuation, track record, borrowing circumstance and security.
Once all of the above is considered, funding is granted upon completion of the following steps:
- An on-site visit to discuss your requirements
- We provide our non-credit-backed heads of terms
- If you’re satisfied with our terms, sign and return
- We submit to credit and receive a sanction
- Solicitors and valuers review all the legal requirements
- You’re ready to drawdown your loan
What are the different types of property development loan?
From family homes to mixed-use schemes or purpose-built student accommodation (PBSA), our tailored lending solutions can meet your specific project needs. Different types of secured loans are available depending on the ambitions of your development project.
Residential development
To support heavy refurbishment, or development of existing or proposed sites to be retained or sold as residential housing.
- The loan amount is between £2-45m with a maximum term of 36 months
- Max LTC is 80%
- Max LTGDV is 65%
- There may be a small commercial aspect to the development
- Up to 60% of the land value may be lent on day one
Student development
To support heavy refurbishment or development of existing or proposed sites to be retained or sold as purpose-built student accommodation (PBSA).
- The loan amount is between £2-45m with a maximum term of 36 months
- Max LTC is 75%
- Max LTGDV is 60%
- Up to 60% of the land value may be lent on day one
Commercial pre-let development
To support with heavy refurbishment or development of existing or proposed commercial sites with a pre-let in place to a reputable occupier.
- The loan amount is between £2-45m with a maximum term of 36 months
- Max LTC is 85%
- Max LTGDV is 65%
- Up to 60% of the land value may be lent on day one
How we can help you?
We’re dedicated to helping you achieve your development goals with lending solutions tailored to meet your specific project needs.
We’re committed
We are committed to providing funding to help small to medium sized property developers and investors in the UK.
We’re responsive
Our experienced team can deliver fast, flexible lending decisions.
We’re reliable
As an established, well-funded and capitalised UK bank we will support investors’ and developers’ needs as they grow.
We’re personal
Our relationship led approach means your Relationship Director will manage the process through the life of the loan.