Compare Property Development Finance

If you need to fund construction, conversion or renovation then a property development loan may be the ideal option
Our comparison table below lists a panel of UK commercial lenders that offer property development loans
Compare loan terms and amounts currently available and apply direct today.

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Funding Circle Business Loans

Funding Circle, supporting small businesses for over 10 years
Borrow £50,001 to £250,000 with the Government's CBIL scheme
Nothing to pay for 12 months - No upfront fees - No early settlement fees

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Choose your business loan type

Business Loans All business loan types

Asset Financing Secure finance against your assets

Bridging Loans Short term property backed finance

Secured Loans Loans secured against assets of the business

CBILS Coronavirus Business Interruption Loan Scheme

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Broker
THINK Business Loans Property Development Finance

Speak to a property development expert

Rates from 3.5% APR (over Base)

Up to 75% LTV of purchase price and 100% of building costs covered
- Minimum Turnover
  Must be profit-making
- Available Amounts
  From £250,000
- Available Terms
  1 month to 30 years
Company details

THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)

THINK are the UK's leading business lending specialists; their experts are on hand to guide you through the process

Find the perfect loan in minutes - Make the lender work for you

Eligibility criteria

Deposit required (cash or equity)

Applicants considered on a case-by-case basis
See Deal More info

Suppliers that don't offer All Property Development Finance Loans but may offer suitable alternatives:

Peer To Peer
Funding Circle

Borrow £50,001 to £500,000 with the Government's CBIL scheme

Nothing to pay for 12 months - No upfront fees - No early settlement fees

Simple online application & decisions typically in 24 hours

Rates between 1.8% and 7.4% APR
- Minimum Turnover
  £200,000+ p.a.
- Available Amounts
  £50,001 to £500,000
- Available Terms
  2 to 5 years
Company details

Funding Circle, supporting small businesses for over 10 years

Used by over 57,000 UK businesses

All Funding Circle do is small business, as a result 9 out of 10 of their businesses would come back first next time

Eligibility criteria

UK-based business - 3 years of trading history - Adversely affected by coronavirus

Loan primarily for trading in the UK

Annual turnover from £200K+ up to £45 million - Over 50% of turnover from trading activity (e.g. not from investments)
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Broker
EJ Finance

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  1 months to 10 years
Company details

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors

Eligibility criteria

Application-to-offer within 24 hours

To be contacted within 3 minutes of applying

Access to over 200+ lenders, covering all sectors
See Deal
Broker
Swoop Funding

Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating

Experts in CBILS – borrow from £50k to £250k with no personal guarantee, no fees, no repayment for 12 months, no early settlement fee

Speak to Swoop's team of experts – five-star Trustpilot rated
- Minimum Turnover
  £200,000 p.a.
- Available Amounts
  £1,000 to £10,000,000
- Available Terms
  3 months to 6 years
Company details

Eligibility criteria
See Deal
Broker
Fluidly

Your business must be trading for 12 months or more to apply with us

Instantly see funding products your business is eligible for, from across the market (no credit checks)

A dedicated 5-star rated Funding Specialist on hand to support your application end-to-end (no hidden fees)

Range of products available including CBILS, unsecured loans and asset financing
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
Company details

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including CBILS, unsecured and asset financing

Eligibility criteria

Hassle free funding options within 30 seconds

Team of 5-star rated Funding Specialists are on hand to support your application

A range of products available including CBILS, unsecured and asset financing
See Deal
Asto

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
- Minimum Turnover
  No minimum (must have positive cashflow)
- Available Amounts
  £150 to £150,000
- Available Terms
  6 to 12 months
Company details

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances

Eligibility criteria

Short-term working capital loans from Asto, a part of the Santander Group

Once approved, your business can borrow from £150 to £150,000 (subject to your credit limit)

18.9% APR representative. Rates vary depending on your and your business’ circumstances
See Deal
Fleximize

Voted "Best Business Finance Provider" at the British Bank Awards 2020

Industry-leading flexibility - top-ups, repayment holidays, no hidden fees

Interest charged on a reducing balance, repay early and only pay for the time you had the loan

Rates from 0.9% per month (10.8% per annum), with no additional fees
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £5,000 to £500,000
- Available Terms
  3 months to 4 years
Company details

Voted "Best Business Finance Provider" at the British Bank Awards 2020

Industry-leading flexibility - top-ups, repayment holidays, no hidden fees

Interest charged on a reducing balance, repay early and only pay for the time you had the loan

Apply online in minutes, receive funds in as little as 24 hours.

Eligibility criteria

Minimum annual turnover of £60,000 p.a.

Borrow between £5,000 and £500,000

Business activities must be UK-based and impacted by Covid-19
See Deal
Broker
Funding Xchange

Funding Xchange’s free service matches your eligibility against over 50 lenders in seconds

Complete your application online in as little as 3 minutes and you could get funded in a few hours

It's simple, safe and free and the search won’t affect your credit rating
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £1,000 to £500,000
- Available Terms
  3 months to 5 years
Company details

Eligibility criteria
See Deal
Broker
Portman Asset Finance

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers
- Minimum Turnover
  £150,000+ p.a.
- Available Amounts
  £10,000 to £10,000,000
- Available Terms
  Up to 5 years
Company details

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers

Eligibility criteria

Business finance broker with specialist sector experience to offer fast and flexible finance solutions

Access over 40 leading UK business finance providers

Dedicated CBILS specialist account managers
See Deal
365 Business Finance

Your business must process credit and debit card transactions to apply for this product

A flexible business funding alternative

Cash advanced against card transactions

Pay back an affordable % of your card transactions
- Minimum Turnover
  £5,000+ card transactions per month
- Available Amounts
  £5,000 to £200,000
- Available Terms
  4 to 18 months
Company details

Get between £5,000 and £200,000

Pay back through your customer card transactions

A single all inclusive charge that never changes

No interest, APRs or hidden extras

Eligibility criteria

Your business must have been trading for at least 6 months

Your business must accept debit and credit card payments

Your business must take at least £5,000 per month in card transactions.
See Deal
Start Up Loans (British Business Bank)

Interest rate of fixed 6% per annum

Receive business mentoring and support after drawing down your loan

No application fees or early repayment fees
- Minimum Turnover
  No minimum
- Available Amounts
  £500 to £25,000
- Available Terms
  1 to 5 years
Company details

Start Up Loans is a Not-For-Profit Company offering a finance and mentoring solution to start and grow a business

Start Up Loans have helped over 40,000 businesses get started in the UK

Free application support

Free post-loan business mentoring

Eligibility criteria

Business is based in the UK

Trading for under 24 months

18 years and over
See Deal

Also for Business

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

Other comparisons

Property Development Loans FAQ

Find out more about property development loans and how you can access this specific type of funding for a new build, conversion or renovation project.

What is a property development loan?

A property development loan is finance taken out by a property developer to fund a new build, conversion or major renovation project. There are a variety of different types of loan options for these kinds of projects, all available to business people who need to borrow some cash to fund either a commercial or residential property development project.

What are the different types of property development loan?

Although developers sometimes use buy-to-let commercial mortgages, bridging loans and auction finance to help them fund their development, there are plenty of lenders who specifically focus on providing development loans. They tend to target businesses that are looking to undertake new builds, conversions or renovations that they can later sell off at a profit.

How much can I borrow with a property development loan?

Depending on your requirements, lenders will consider offering anything from around £200,000 to tens of millions of pounds. Providing you do some groundwork research, you should be able to find a funding level that suits your project. However, there is likely to be a limit to the percentage of the total value of the property that the provider will lend against. You will usually only be able to borrow a percentage of the GDV.

What is GDV?

GDV stands for gross development value, which is the expected value of the project after all the work is completed. Many lenders will offer you up to around 75 per cent of GDV so you are likely to need to provide the rest of the cash yourself.

In some cases, you may be able to borrow 100 per cent of the building costs for a development providing you already own the land, which is seen as an asset against which the loan can be secured.

How quickly can I receive a property development loan?

Unlike with a traditional residential mortgage, developers usually put up their own cash at the beginning of the project and then draw down on the development loan in stages as the project demands.

How long do I have to repay a property development loan?

Developer loans are usually repaid within about 18 months of the initial loan being approved. The repayment is usually made in one instalment at the end of the development and the interest payable is usually included in the total repayment amount rather than there being any payments to make on a monthly basis. This ensures that the developer can focus on getting the development finished before having to worry about making repayments.

How do I apply for a property development loan?

Firstly, you will struggle to secure a property development loan without full planning permission for your project. Once you have this in place, you will be able to approach lenders. However, as well as a full appraisal of the viability of your project, lenders will also ask for details on your experience, credit history and the full details of the team involved in your project. Your financials will need to be watertight and prospective lenders will also want to visit the site in question to ensure it meets their expectations and is suitable for the proposed project.