We think looking at your individual situation, combined with our common-sense approach to lending, and our ability to act quickly, makes better sense for everyone.
We provide funding for a wide range of property development projects, from new builds to conversions and refurbishments.
We believe that even the most experienced developers benefit from having the support of an experienced team behind them, that’s why every application for development funding is supported by one of our dedicated and highly experienced case managers from the outset.
We’ve designed our approach with developers in mind
Our development finance is designed to provide funding for a wide variety of projects and a broad range of developers.
Development types
- Residential developments: including student accommodation
- Commercial developments: industrial, retail units and mixed use
- New build, conversions and refurbishments
- Property and land with Planning Permission
- Part-developed sites considered.
Lending parameters
- Loans from £150,000 - £10 million
- Loan to cost: 75%, or 100% considered with additional security
- Loan to gross development value (GDV): 65%
- Interest rates from 0.95% per calendar month
- 2% arrangement fee typical
- 1 month exit fee typical: based on facility not GDV
- Terms up to 24 months.
Developer profiles
Our common sense approach means that we consider every application on its own merits, enabling us to provide funding for all types of developer:
- Sole trader
- Partnership
- Limited company
- Pension fund
- Individuals
Any land or property used as security may be repossessed if you don’t make the repayments on your mortgage.