Development Finance

Development Finance Market

The UK property market is a significant economic sector and property development finance plays a key role. Due to the need to house an increasing population, residential development finance is a much larger segment than commercial property finance.

Blueray Capital is an FCA-regulated development finance broker, providing whole of market access to its clients looking for new build development finance, refurbishment loans and commercial property loans.

Active across the UK

We deliver finance for real estate development across the UK and are a leading development finance broker in London, West Midlands, Manchester and Leeds. As we are FCA-regulated we are required to demonstrate that clients receive professional service and appropriate advice.

Development finance is available as a funding mechanism for many property finance uses: refurbishment finance for buy-to-let investors, small residential development finance projects, commercial property loans through to new-build development loans for large, multi-unit, new build, residential schemes for experienced developers.

Lender Criteria

Property development funding solutions are available on residential, commercial and semi-commercial properties. Property finance loan amounts are from £250,000 to £25,000,000 with property development loan terms from 3 months to 2 years. For some lenders the borrower will need to be a UK resident but most of our development finance partners offer refurbishment loans and development funding to corporate entities.

Development finance lenders have criteria around property type, location and value and offer loan to gross development value (LTGDV) from 50% upwards. Terms vary for residential, commercial and land with planning and better rates are offered with lower LTVs. Fast development finance may be available in days for well-packaged schemes from experienced developers but normal timescales for large development finance projects are 4-6 weeks from accepted indicative offer.

Lenders who provide residential development finance prefer borrowers to have property development experience, but development funding is available for first-time developers or BTL investors. Lenders look for a detailed development appraisal, realistic GDV and a robust exit plan. Drawdown is subject to satisfactory valuation report, identity checks (KYC) and completed legal documentation.

As a trusted development finance broker we provide potential borrowers with rapid access to the complete residential development finance market as well as commercial property finance lenders at no additional cost.

To find out more about development finance and how to optimise your chance of a successful property development loan application, please review the Blueray Capital Property Development Finance Guide. You may also find our Development Finance Case Study of interest.

To receive a prompt acceptance in principle, with an indication of terms, submit a summary of the development funding or refurbishment finance required, with details of the property, a summary of the costs and development values by clicking on the Apply button below.