Property Development
Proudly Funding UK Projects
If you are involved in the building industry or make a living from property development and refurbishment, then the good news is that funds are available for profitable projects which fit criteria. Property Development and Refurbishment loans are provided from £50K upwards.
Under normal circumstances, we provide loans equivalent to 70% of the estimated GDV of the project however, for experienced developers and if additional security is made available we can often provide funding up to 100% of all site purchase, development and finance costs. We can also introduce mezzanine loans secured on a 2nd charge to provide any additional ’top up’ funding.
A brief synopsis of the current underwriting criteria
To ensure your funding application is processed quickly and efficiently, we look for projects with strong local demand and clear exit strategies. Whether you are developing residential units, mixed-use schemes, or commercial properties, our team works with you to package your proposal so it meets the specific benchmarks required by our panel of 200+ specialist lenders.
- All residential property types supported – Houses, terrace, mews and flats
- Applications should be supported by good evidence of demand in the local area
- If properties are to be retained on completion a long term re-finance option can be provided
- Mixed-use and commercial schemes can be supported subject to a demonstrable demand on completion
- Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
- The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.
Property Refurbishment & Development Finance
Whether you are performing a simple cosmetic upgrade or a major structural overhaul, we provide the specialist capital required to transform your property assets. By leveraging our extensive lender panel, we ensure your project is matched with the right product to maximise your return on investment.
Light vs. Heavy Refurbishment
Light refurbishments are usually defined as cosmetic changes to a property such as replacing a kitchen, rewiring, or redecorating. By contrast, heavy refurbishments are when structural changes are being made to the property, especially those that may require planning permission.
Diverse Lender Appetite
Lenders have different products, rates, and criteria for both light and heavy refurbishment deals; this reflects their differing appetite for certain types of projects. For example, we have lenders on our panel who have a very strong interest in community projects or eco-friendly developments.
Whole-of-Market Access
Because we have such a large lender portfolio, we are able to source the best possible rates and deals for your specific requirements and unique situation. From mainstream high-street banks to specialist lenders, we negotiate on your behalf to secure the most competitive terms available.