Build to Let Development Finance & Landlord Loans

Key Product Features

Lending up to 65% open market
Lending up to 75% restricted investment value
Loans from £1,000,000 to £10,000,000

The funding you need:

Lending up to 65% 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 in England, Scotland and Wales in areas with strong demand
Projects must have planning in place
Loans 100% secured on the development property

Building to let and in need of funding?

BLG offers build to let development finance, a specialist development loan for professional property developers and landlords.

What is build to let development finance?

Every development finance loan has an ‘exit’ (the means by which the property developer pays back their development loan to the lender), typically the ‘exit’ is the sale of property that has been built.

However, build to let development finance is different. The developer borrows money to build their project as normal, but the ‘exit’ is dependent on the property being let and the rental income generated.

How do I apply?

The simplest way is to call BLG and speak with one of our development finance experts, they will ask you about your project and provide you with details of the lending criteria and pricing. If your project fits our build to let profile, we will provide Heads of Terms within 24 hours.

As a point to note, we will require a rental valuation in addition to a sales valuation. And letting may be taken from 120 days before forecasted practical completion if there is a qualified take-out offer.

Build to let with BLG

For full details please call us on 0845 465 6500 or send us a message. Our business is helping you build.

WHAT OUR CUSTOMERS SAY ABOUT US

“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 Tracey Abbott, who always provides very clear information and advice and welcomed you and your teams 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 Tracey 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.”

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]“BLG are very good at communicating with Clients and all documents are very clear and all at BLG are always happy to help.”[/et_pb_text][/et_pb_column] [/et_pb_row] [/et_pb_section]

Build to LetDevelopmentFinance