Fund ground-up developments, conversions and major refurbishments. Access up to 70% LTC and 65% LTGDV from specialist development lenders.
*Indicative rates. Actual rates depend on project details and creditworthiness.
Indicative rates from specialist development lenders. Rates are monthly and vary based on project type and experience.
| Lender | Rate From | Max LTC/LTGDV | Loan Range | Project Types | Action |
|---|---|---|---|---|---|
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Important: Rates shown are indicative monthly rates and subject to change. Actual rates depend on project specifics, experience level, and leverage requirements. Development finance is typically unregulated. Your property may be repossessed if you do not keep up repayments.
Development finance is specialist funding for property development projects. Unlike standard mortgages, funds are released in stages as construction progresses, monitored by a quantity surveyor.
It's designed for:
From single unit developments to large-scale schemes, we connect you with lenders for all project types.
Single houses to multi-unit schemes. We have lenders for 1-100+ unit developments.
Office, retail, industrial and mixed-use commercial schemes.
Change of use projects including permitted development rights.
Major works requiring planning or building control sign-off.
Site acquisition with approved planning permission.
Combined residential/commercial developments.
Understanding the staged drawdown process and what lenders look for.
Day 1 advance covers site purchase. Typically 60-70% of site value.
Funds released in tranches as construction milestones are reached.
Quantity surveyor inspects and certifies work before each drawdown.
Repay via unit sales or refinance to term debt on completion.
Typical costs involved in development finance. All figures indicative.
*Rates are indicative and depend on project specifics, experience and LTV/LTC.
Tell us about your project and we'll connect you with suitable lenders.
Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.
Bridging loans provide a lump sum upfront for quick purchases or light refurbishment. Development finance releases funds in stages as construction progresses, monitored by a quantity surveyor. Development finance typically allows higher leverage against end value (GDV) but requires more documentation and oversight.
Yes, but it's more challenging. First-time developers typically need a strong professional team (architect, contractor, QS) and may face lower LTV/LTC limits or higher rates. Some lenders specialise in supporting new developers on smaller projects (1-4 units).
Loan-to-Gross-Development-Value. This measures the total loan facility against the expected end value of the completed project. Most lenders cap at 60-70% LTGDV. For example, if GDV is £1m, maximum facility would be £600k-£700k.
Typically in arrears against completed work. You'll submit drawdown requests with invoices/evidence, a QS will inspect the site, certify the work is complete, then funds are released. Some lenders offer accelerated drawdowns or upfront materials funding for experienced developers.
Most development facilities have extension options (typically at increased rates). If you need more funding due to cost overruns, you may need to inject more equity or renegotiate with the lender. Having contingency in your budget (10-15%) is advisable.