Email BLG [email protected] Call BLG 01483949494

Residential
Development
Finance

Residential Property Development Finance Lenders

We offer extensive experience to assist residential developers in navigating the challenges often posed by traditional high street banks. Our expertise enables us to provide tailored financial solutions that empower you to secure the funds required for purchasing land and constructing various types of properties, including houses, flats, eco-homes, and mixed-use buildings.

In addition to initial development financing, our residential development finance options include access to top-up funds and refinancing solutions for existing residential development loans, specifically designed for build-to-let landlords. We are committed to offering the financial support you need to advance your residential projects and achieve your development goals efficiently.

Residential Development Loans

  • Provides bespoke residential property funding solutions for residential developers across the UK
  • Suitable for building or converting one home or hundreds, we will help you choose the right solution to help you build while maximising your profit.
  • Available to housebuilders, developers and intermediaries on competitive terms
  • Decisions made quickly so that developers can move quickly to purchase and secure their site or, if the site is already owned, to begin the building works.
Enquire About Our Bespoke Finance Options

Choose Funding For Your Next Project:

Stretch Senior Development Finance

Loans up to 85% of costs (90% including rolled-up interest), from £1,000,000 to £15,000,000. Our most popular solution.

Learn About Stretch Senior Finance

Build To Let Development Finance

Funding for letting/private sector rental for professional landlords. Available for schemes with 3+ units. Lending up to 70% open market value or 75% restricted investment value.

Learn About Build To Let Finance

Lending Criteria

Every BLG loan is structured to meet the requirements of your specific property developments but this general criteria typically applies.

See Our Lending Criteria

Mezzanine Development Finance

BLG does not provide standalone mezzanine finance, we work with a focused panel of mezz providers who may offer additional top-up facilities for your property developments.

Learn About Mezzanine Finance

Typical Residential Property Funding Terms

Most residential property funding ranges between £1 million to £15 million or more. The release of funds can be staggered over the project’s timeline, which is a popular financing option.

A staggered release of the residential development loan keeps interest payments lower than accessing all the funds at the outset. The interest rates vary from lender to lender and are usually based on risk and the project’s size. Each lender views risk and project size differently, and we will help you find the option that makes the most sense for you.

The residential property development loan term usually has a duration of 12 to 24 months. However, it can take several weeks to complete the application process and secure the funding, so it is best to apply as early as possible. If you have a tight deadline, please let us know.

We offer residential property funding to individuals, limited companies, partnerships, LLPs, and overseas borrowers with a UK limited company.

Repaying Residential Development Loan

At the end of the loan term, you will need to pay back your loan. This usually happens under one of three scenarios.

  1. You may sell the homes or flats and use the sale to pay back the loan, leaving you with your profit.
  2. Refinance the units with a buy to let mortgage if you are intending to let out the properties and build a property portfolio.
  3. A development exit finance, which is a short-term loan with a lower interest rate. This option is ideal for projects where a buyer is not in place, and you will need time to market and sell the properties, beyond the timescale of your original loan.

Secure Your Finance

Whether you are looking for stretch senior development finance, commercial development finance, or build to let development finance, BLG is ready to help you secure the residential property development loan you need. We also help arrange mezzanine development finance working with third-party mezzanine funding providers.

BLG has a patient team of experts ready to help. We offer support from pre‐sale to purchase and completion. Our goal is to help you build, so contact our team today to find the right residential development loans to suit your needs.

What Our Customers Think

"A challenging site like no other with every inch of the plot being built on and 12 apartments built-out through a driveway 2.5m wide off of a main high street with limited access rights, not to mention all the complexities associated with 13 Party Wall Agreements. Most lenders would not have had the vision for the scheme or the confidence in Spiller Builders to build out the scheme.  I just wanted to say how helpful the entire BLG team have been during the build. A very approachable and knowledgeable team, with a “can do” approach to lending. We will be looking to do more business with you for sure."

“We have used BLG for development finance for over 8 years. During that time we have found their knowledge and expertise in the property development industry to be second to none. Their loan process, pragmatic and flexible approach to lending and flexibility when required has supported our business needs throughout the period and provided us with support to deliver new homes in Bristol and the surrounding areas.”

“As property developers you never know the curve balls that you may get and a project that is great on paper may prove a bit more tricky.  This happened to us on a project that BLG have funded and throughout they have supported us.  Our business likes to be collaborative and when we hit those tough moments it really felt like we were working as a team with BLG.  If you have a decent project you can get it funded, but what you really need is a business that is there to support and advise you as well.  For us on this project it was BLG.”

“I approached BLG Development finance with an opportunity I had in Chesham, Buckinghamshire, to build 5 new build houses in 2021. My main contact was Anil Bains who is a Director covering Asset Management. Within very quick timescales, BLG provided me with indicative quotes in regards the finance levels they could offer me. Having considered those levels, I requested a valuation to be carried out which again was dealt with swiftly. We proceeded to completion. The build went very smoothly with monthly monitoring being carried out by BLG and monthly drawdown requests dealt with in a very timely manner. Due to a difficult time generally in the market in regards selling, I was in need of a six-month extension to the loan which again was appraised very quickly and granted. Having dealt with numerous funders over the last 20 years, I can only speak highly of my personal experience with BLG and would very confidently work with them again on any future projects. “

"From our side it has also been a pleasure working with BLG and the team there. We have found you easy to deal with, proactive in resolving any minor issues that have arisen through the project and shown great flexibility in working with us as a partner. We will certainly like to work with you on future partners."

“I really appreciate your hard work. We really like the way you communicate & I must say I haven't seen many people who are that approachable.”

“A very efficient processing team, dealing with the DD once deal credit approved, through to completion”

“Many thanks for your efforts on this one and getting it approved and sorted so swiftly, very much appreciated. I am sure I will be speaking to your over the coming months.”

“We had other funding options, but chose to use BLG again, as we work well with the team, who always provide very clear information and advice with a friendly approach throughout the funding process. Very efficient and always very helpful.”

“Many thanks Anil, it’s been a real pleasure working with BLG so far.  We’re lining up the next project too”

“We would recommend all staff we have dealt with at BLG, as we are very satisfied with the team and the initial offer/terms presented, then you and the funding team, through to the draw down team at valuation stage.”

“All documents are clear and the way you keep clients informed, all the way along the funding process, is refreshing for us”

“With regard to what should be improved at BLG, we work with many lenders in our business and we do not get the help and response we have had on the two projects with all at BLG on our funding for our developments.”

“We would particularly mention Dave Edwards and Tom Pitts as being central to having a smooth working relationship and being positive and helpful at all times. Their guidance in helping us navigate the project from inception to completion was invaluable. As was their patience, particularly at the beginning. We look forward to many future projects with the BLG team.”

“We would like to express our appreciation for your support on our development in Bristol. We were very pleased that, from the outset, you shared our vision of the project to convert a dated but classical building, that had outlived its usefulness as a school, into unique luxury apartments with views overlooking the city. We found our dealings practical and streamlined. Monthly payments were processed in an efficient and timely manner.”

“BLG are very good at communicating with clients and all documents are very clear and all at BLG are always happy to help.”

Projects Funded With Residential Development Loans From BLG​

Funding for New Client Facing Project Challenges
Completed residential development finance case study - exterior shot of property
Executive Houses Completed Ahead of Schedule and Exceeded Sales Predictions
Buckinghamshire executive houses development Case Study
Second Loan to Support Previous CBILS Client on 21-Unit Scheme in Cheddar
Cheddar Gorge 21-unit development Case Study
Ambitious Build Project with Severely Restricted Site Access in Portishead
46 Apartments with Ground Floor Commercial Space in Bury St Edmunds
Image of the 46 Apartments with Ground Floor Commercial Space in Bury St Edmunds the outside of the building
Part Built Site with Complication in Canford Cliffs, Poole
Developer Exit Loan, Modern Houses in Southwest London with Distinctive Design
Modern house with brickwork, large windows and balconies
Waterfront Houses with Private Access to the Beach
Modern houses with large glass windows
BLG Helps Developer Overcome Planning Issues
Wooden fronted terraced houses
Block of Flats in Sought-After Area, Purley
front of a 3 storey block of flats
Centrepiece with Stylish Design, Croydon
Stylish house with white bricks and wooden cladding
Stunning Somerset Farmstead Conversion
watercolour picture of Willstock Farm Cottages

    Quick Enquiry?

    We’re here to help.