Funding for ground-up construction, conversions and heavy refurbishment. Facilities are structured against land or purchase cost plus build costs, drawn in stages as works progress and certified, with the loan repaid from sale or refinance of the completed scheme.
A realistic appraisal: purchase price, build cost with contingency, professional fees, finance costs and a credible GDV supported by comparables. Your experience, or your team’s (contractor, architect, project manager), matters as much as the numbers, and a monitoring surveyor will certify each drawdown. First-time developers can absolutely fund schemes; the application just has to be built more carefully, and we know where the appetite is.
Sale of units, refinance onto a term or investment mortgage, or a developer exit product to release equity while sales complete. We plan it before the facility is placed.
Missives, standard securities, LBTT and lender coverage all work differently north of the border. Read our guide to property finance in Scotland.
Some lenders will, at lower leverage, with the uplift funded once consent lands. Usually structured as a bridge first.
With additional security or a joint venture partner, yes. Otherwise expect to contribute meaningful equity.
Yes. From £100k, which covers single-unit builds and conversions most large brokers ignore.
Send the site, the numbers (purchase, build, GDV) and your experience in one line. One working day to an honest view.