Property Development

Finance that follows the build

Funding for ground up development and heavy refurbishment across England and Wales.

From the moment the site is ready to move, we can help fund the project through the build. That includes 100% of the build costs alongside you or your client’s contribution, with funds released in stages as the work is completed and the project moves forward.

Explore our property development case studies

What we lend on

We fund ground up development and heavy refurbishment, with day-one lending shaped by the site and the scheme planned for it. That can reach 70% of the site value, or 75% where an existing structure will remain, with the overall facility going up to 70% of GDV. Land can also fit where detailed planning is already in place, with lending up to 60% of value and a clear scheme ready for us to assess.

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100% of the build costs

We can fund the full build cost, with the money held back and released in stages as the work is completed and signed off. That gives you or your client visibility over the funding available for the whole programme from the outset.

A surveyor who helps move things on

Every scheme has a monitoring surveyor involved from the start, with an initial report completed before the first drawdown. They stay close to the build as it progresses, helping get each release agreed when the work is ready.

Drawdowns without the wait

Once a drawdown has been authorised, we can release the funds the same day, helping the project keep moving when the next stage is ready to start.

What we look for

The numbers have to work

Before we fund a development, we need to see enough room in the appraisal for the project to stand up from start to finish. We look for at least 15% profit against GDV after finance costs, with the build budget covering the full cost of delivery and at least 10% contingency. Professional fees and warranties need to be accounted for too, along with any CIL due, giving us a complete picture of the project before lending begins.

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Part-built schemes can still fit

If work has already started, we can still consider the scheme once the property is wind and watertight. That gives developers another route when funding needs to change partway through the project.

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First scheme? We’ll still take a look

We’re comfortable considering a first development when the site and numbers stand up and there’s a strong track record behind the project. We’ll look at the experience around the scheme before making the call.

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Talk to us before you exchange

If you or your client has a site in mind, bring us in before they commit. We can look at the deal early and flag anything that could affect the funding while there’s still time to deal with it.

Case Studies

View all our case studies

Our latest Property Development case studies

  • Location: Shropshire

    Amount Funded: £556,000

    Term: 15 months, interest rolled

    £556,000 raised against land with planning

    £556,000 raised against land with planning Bridging - Land with planning Shropshire · Where neither the purpose nor the exit [...]

  • Traditional stone barn

    Location: Slyne, near Lancaster

    Amount Funded: £1.46M

    Term: 15 months, interest rolled

    Four stone barns, and a planning permission worth protecting

    Four stone barns, and a planning permission worth protecting Development A £1.46m facility on a barn conversion where twelve months of [...]

Download our product guide

Need to check the detail before you send a case over? Our lending guide brings the main criteria together in one place.