Residential property development finance. New build & refurb

  • England, Wales & mainland Scotland
  • 70% LTV max with build costs covered
  • Term to 24 months
  • Competitive rates
  • Entry & exit fee
  • First charge facility

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Why partner with Blueray Capital?

  • Partnerships and funding lines with over 150 banks, funds and institutions, many of whom are not available directly to borrowers
  • Reduced time and increased chance of success
  • Lender preference to deal with intermediaries with whom they already have a relationship

Residential Development Finance FAQs

Development appraisal, design summary, approval status and team bios.

Indicative offers can be secured quickly but the whole process will take a few weeks due to the need for valuations and legals.

Terms vary depending on location, experience and scheme economics, from low single figures usually with an arrangement and exit fee.

Funding is available for quality schemes by experienced developers across England, Wales and Scotland. Funders are keen on liquid units, near transport links with average unit value for local market.

Development finance is available for good new build, refurbishment or conversion schemes in buoyant markets.

Upon receipt of the initial information, if successful, an indicative offer will be made which, if accepted by the client, will lead to a valuation report and credit-backed offer, followed by legals and drawdown. Funds are deployed to the main contractor on a monthly basis in line with progress.

There are limited finance options available for first-time developers, even if they have appointed a quality professional team. Funders prefer to work with developers who have successfully completed projects of a similar design and size.