Property Finance
Finance for schemes that actually get built
Land and build funded together, released in stages against a monitoring surveyor's certification.
- Facility
- £250,000 to £50m
- Term
- 6 to 36 months
- Advance
- To 70% GDV, to 100% of build
- Drawdown
- Staged
What it is
Development finance funds land purchase and build costs together, released in stages against a monitoring surveyor's certification of works completed. It covers ground-up development, conversions and heavy refurbishment, typically up to 70% of gross development value and up to 100% of build costs where the numbers hold.
Lenders want four things before they will look: planning, a costed schedule, an experienced contractor and a credible exit. Plan cash flow around drawdown timing rather than the headline facility, because funds arrive as stages complete, not up front. Once you reach practical completion, development exit bridging can clear an expensive development facility while units sell.
In Scotland
Scottish planning runs on a different consent regime from England and Wales, and several development lenders will not fund north of the border. Security is a standard security rather than a legal charge. The lenders that do fund Scottish schemes are a smaller group, so access to the right panel is what keeps a viable scheme from stalling for want of funding.
Who it suits
- You have planning and a costed schedule and need land and build funded together.
- You are converting or heavily refurbishing and need staged drawdown.
- You are a first-time developer on a smaller scheme with an experienced contractor.
- You have reached practical completion and want to refinance onto exit bridging.
Tell us what you need to fund
Four quick details and Reece comes back within one working day.
How it works with us
Conversation
One call to understand the deal, the timescale and the exit. You get a straight read on whether it funds before anything else happens.
Terms
Indicative terms within 24 hours, with the cost stated in pounds and the trade-offs named, so you decide before an application goes in.
Lender selection
We place it with the lender on our panel of over 165 that fits the case, not the one that pays us the most. Where a product is wrong for you, we say so.
Drawdown
We manage valuation, legals and conditions through to drawdown, and stay your single point of contact until the funds land.
Common questions
For most facilities, yes. Some lenders will consider a scheme subject to planning, priced accordingly.
