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Build To Let
Development
Finance

Build To Rent Development Finance

BLG provides dedicated build to let development finance, a specialised loan designed specifically for experienced property developers and landlords. Our tailored financing solutions are crafted to support your build to rent projects from start to finish. Whether you need funds for construction, renovations, or project completion, BLG is here to help you bring your rental properties to market efficiently and effectively.

This type of property development finance was explicitly created to help developers build projects that meet the needs and lifestyle of renters. These rental property developments often focus on making small communities with shared areas for socialising, which may include communal lounges, dining areas, outdoor spaces, and gyms.

70%

Lending up to 70%, including interest, open market value

75%

75% restricted investment value

£10,000,000

Loans from £1,000,000 to £10,000,000

BLG Development Finance funded site_NrCoventry-min
New build
White office building

The funding you need:

  • Lending up to 70%, including interest, open market value or 75% restricted investment value
  • Loans from £1,000,000 to £10,000,000

When you are building to let:

  • Available for schemes with three or more units
  • Residential: houses, flats, new build, conversions and mixed-use
  • Property across the UK in areas with strong demand
  • Projects must have planning in place
  • Loans 100% secured on the development property

Share Your Project Details And Give Us A Call

If you’re interested in finding out if a development loan could work for you, simply share some details and get in touch. Our team of property finance experts will have a chat with you to see if we can help.

We’ll Find The Right Solution Together

Tell us about your project, and using our knowledge and experience, our team will work with you to create a customised solution that fits your goals. We’ll also walk you through the process, so you understand the next steps.

Get A Quick Answer

We’ll provide you with our heads of terms quickly. If they meet your needs, just send us a full application to proceed. From there, a credit review will take place, leading to an offer backed by our commitment.

Funds Are Released After Due Diligence

Once our verification process is complete (typically 6-8 weeks depending on the complexity), you can expect to receive your funds. Now you can get back to what you do best while we take care of the financing.

How Does Build To Let Work?

Build to Let finance is available to professional developers and landlords. The loan terms are typically up to 24 months with an exit plan, which is usually dependent on the properties being let and generating a rental income. When the exit plan matures, refinancing takes place, moving the lending to a Buy to Let mortgage. The same lender or another might provide this mortgage.

Difference Between BLG & High-Street Banks

Property development loans for build to let projects are either not available through the traditional high-street bank network or are challenging to attain. Securing this type of lending through a bank can take a considerable length of time, holding up projects and increasing the overall development costs.

High street lenders may only offer a low percentage of the development costs, which might mean sourcing secondary finance to cover the shortfall. They may also only release funds in stages, further hindering the developer’s progress.

Specialised property development finance lenders aid the financing route for developers who:

  • Have experience in property developing or building
  • Intend to undertake a Build to Rent project that is located across the UK
  • Have planning permission for three or more units, which might include houses, flats, conversions, new builds, and mixed-use properties

Developers will need a strong business plan, rental projections, occupancy forecasts, and a rental and sales valuation to complete a successful application process.

BLG specialises in Build to Let finance and can help developers secure finance for their next rental development. We will help you get access to the best deals and rates with loans from £1,000,000 to £10,000,000.

To find out how BLG can help you get the build to let development finance you need, please contact our team today.

Contact Us Today

    WHAT OUR CUSTOMERS SAY ABOUT US

    "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.”

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