Development finance.
Lending decisions are based on lending criteria and, where applicable, subject to credit check and an assessment of individual circumstances.
Why choose Together development finance?
Lending for your development needs
Developing a commercial site?
Whether you’re constructing an industrial unit, refurbishing a retail site, renovating offices or building a new leisure unit, we can consider lending on a variety of commercial sites.
Building residential homes?
From student accommodation to family homes and HMOs, our staggered finance solutions can support all stages of your conversion or development from the ground up.
Managing cash flow?
As funds are released in stages throughout the build in arrears, you’ll have the finance you need to continue your project, without paying interest on the full amount upfront.
Max loan to GDV
70%
Loans available up to
24 months*
Funding from
£500k - £20m
*Depending on your individual circumstances, we may be able to offer an extended term.
Development funding guide
Step 1 – We assess your proposal and indicate terms.
Step 2 – Upon submission of your application form, we start underwriting and issue an offer.
Step 3 – We instruct our Valuer, Solicitor and Quantity Surveyor.
Step 4 – Day One funds are transferred and your Relationship Manager is appointed.
Step 5 – Our Quantity Surveyor will work in partnership with your Relationship Manager to certify the money spent to date and release your funds in arrears.
Making development finance work for you
We understand that no two developments are the same. Take a look at how we’ve delivered on these development projects.
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Vacant to vintage: The abandoned listed building restored into a 'bonnie’ Edinburgh smart tech hotel
2 minBusinessDevelopment FinanceMortgage -
The Cotton Works: Supporting a 16-acre urban regeneration project that’s anything but run of the mill
3 minBusinessDevelopment FinanceTogether news -
Yorkshire housing development delivers 63 new family homes after £5.96m funding
2 minBusinessDevelopment Finance
Meet the Development Funding team
Our experienced Development specialists combine deep sector knowledge with a personal approach to support you at every stage of your journey. Call us on 0161 956 3274.
Ian Pickering
Director of Development FundingIan leads our Development Funding team, as an industry specialist with 37 years in Financial Services and Property including 11 years at Together. His expertise and client commitment runs through all stages of the development journey.
Mark Woolley
Underwriting Manager Development FundingWith 22 years’ experience in Financial Services and Development including 9 years at Together, Mark manages our Underwriting function and develops strong client relationships across varied projects.
Laurence Perkins
Development Funding Senior UnderwriterLaurence’s 10 years’ experience across Financial Services and specialist Development Funding enables him to understand and expertly underwrite new and complex cases from start to finish.
Callum Thompson
Development Funding UnderwriterCallum has 10 years’ experience in the property industry and enjoys building personal relationships to guide and support new clients from their initial enquiry to loan drawdown stages.
Common questions about development finance
How does development finance work?
The loan is set against a plan for development, meaning once the project is underway, the funds will be released in stages according to how far along the build is. The loan will be paid off at the end of the project in a lump sum, usually funded by the sale or longer term rental of the development. Alternatively, repayments can sometimes be staggered as and when units are sold.
How long does it take to get a bridging loan for development finance?
It takes about 4-6 weeks to get a development finance loan, which is slightly longer than a standard bridging loan. This is because the application process requires a detailed site valuation to ensure we provide the proper support needed for the project.
What is development finance?
Development finance is a type of short-term loan created specifically for any type of new property development including residential property, HMOs, student accommodation, commercial property, social housing, starter units and many more. The funding is typically used to cover purchase and build costs associated with the development.
Do I already need planning permission in place to apply for development funding?
We understand that gaining planning permission for a new development can take some time. If you’ve already submitted your planning application and would like to understand your finance options, our team will be happy to understand your project and review your needs, with funding confirmation on a case-by-case basis.
Can I live in my development property?
Our Development funding is for commercial use only, so can not be used when building your own home to live in yourself. We may be able to provide different regulated loans to suit your needs.
Ready to talk?
Submit an enquiryAll mortgages are subject to our terms and conditions.
Loans offered by Together Commercial Finance Limited are not regulated by the Financial Conduct Authority.
