How we can support you

Loans are typically offered at 70% of the project’s estimated Gross Development Value (GDV). However, experienced developers who provide additional security may qualify for funding that covers up to 100% of site purchase, development, and finance costs. Mezzanine loans, secured on a second charge, can also be arranged to provide supplementary funding.

Current underwriting criteria:

All residential properties are eligible, including houses, terraces, mews, and flats
Able to demonstrate strong evidence of local demand within the application
Options of long-term refinancing are available for properties retained upon completion
Commercial and mixed-use schemes may be supported if there is a clear demand post-completion
Developments must be able to demonstrate sufficient profit margins to absorb potential reductions in anticipated GDV
The borrower or main contractor needs to possess a solid track record and relevant experience in the sector

Light & Heavy Refurbishments

The difference between light and heavy refurbishments is:

Light refurbishments – these typically involve cosmetic upgrades such as redecorating, rewiring or kitchen replacements
Heavy refurbishments – these involve structural changes that may require planning permission

Depending on the lender and their interest in a specific type of development, there will be tailored products on offer, with varying rates and criteria for light and heavy refurbishment projects. For example, some lenders prioritise community-focused or eco-friendly projects.

With our extensive lender portfolio, we can supply you with competitive rates and deals to match your unique requirements. These lenders range from mainstream banks to specialist lenders.