Property development finance

We can consider lending to experienced property developers including individuals, sole traders, partnerships, limited liability partnerships (LLPs), limited companies and public limited companies (PLCs).

We do not lend on offshore companies (except those registered in the Channel Islands and Isle of Man), clubs or associations.

We support refurbishment, conversion, and new build residential for either sale or rent, purpose-built student accommodation and mixed use, and commercial pre-let or sold developments located in England, Wales, and mainland Scotland. 

Standard construction methods such as brick and block, steel and timber frames are required but we will also consider other alternatives including Modern Methods of Construction (MMC).

Property located in England, Wales, and mainland Scotland.

First Legal Charge over freehold and leasehold property (leaseholds to have a minimum of 80 years remaining at completion of the development works) and debentures (where appropriate).

We require suitable guarantees, typically limited to 20% of the facility amount.

No, we do not offer bridging finance for property development.

Yes, we do require for the necessary planning to have been approved in these instances.

The loan will cover site acquisition, construction costs and professional fees up to a maximum of 65% LTGDV.

Subject to status. Security may be required. Any property or asset used as security may be at risk if you do not repay any debt secured on it.