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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THINK Business Loans

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Business Loans All business loan types

Asset Financing Secure finance against your assets

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Broker
Newable Property Development Finance

Up to 80% LTGDV

Single or multi-unit developments

Any size project
- Minimum Turnover
  No minimum
- Available Amounts
  £50,000 to £25,000,000
- Available Terms
  1 to 3 years
Company details

Newable Finance is an FCA regulated commercial finance broker with access to 200+ lenders

Your application will be managed by an experienced advisor, specialising in fast approvals

No broker fees and no commitment

Eligibility criteria

Available to experienced and first time developers
See Deal More info

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

Broker
THINK Business Loans

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application
- Minimum Turnover
  £100,000 p.a.
- Available Amounts
  £50,000 to £10,000,000
- Available Terms
  1 to 10 years
Company details

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application

Eligibility criteria

Find the right loan to suit your needs from a range of finance types

Check your eligibility without a credit check

Dedicated FCA regulated experts on hand to support your application
See Deal
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
Ignite

Your business must be trading for 24 months or more

Specialist provider of mutlidrawdown credit facilities

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £3,000 to £500,000
- Available Terms
  3 months to 10 years
Company details

Specialist provider of mutlidrawdown credit facilities

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved

Eligibility criteria

Specialist provider of mutlidrawdown credit facilities

Unsecured, flexible funding available for small businesses

Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
See Deal
Broker
Fluidly

YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE

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
Lombard

Lombard specialises in business car finance

Lombard offers a comprehensive range of asset finance solutions

A simple finance solution with a credit decision in 24 hours for transactions up to £150,000

Security, guarantees or indemnities may be required. Product fees may apply. Finance is subject to status and is only available for business purposes
- Minimum Turnover
  No minimum
- Available Amounts
  Up to £150,000
- Available Terms
  1 to 7 years
Company details

Lombard is one of the UK’s oldest and largest asset finance partners

They have helped thousands of businesses invest in their future’s every day

Lombard have won Best Leasing and Asset Finance Provider at the Business MoneyFacts Awards every year from 2009 to 2018

Eligibility criteria
See Deal
Broker
Swoop Funding

Your business must be trading for 12 months or more

Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating

Free access every type of finance including the Recovery Loan Scheme

Speak to Swoop’s team of five-star Trustpilot rated experts
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £1,000 to £10,000,000
- Available Terms
  3 months to 6 years
Company details

Eligibility criteria
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
iwoca

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)
- Minimum Turnover
  £50,000 p.a.
- Available Amounts
  £1,000 to £200,000
- Available Terms
  up to 12 months
Company details

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)

Eligibility criteria

Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies

No fees or long term commitments

Apply online in minutes for a decision (some decisions may take up to 24 hours)
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 Recovery Loan Scheme 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 Recovery Loan Scheme 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 Recovery Loan Scheme account managers
See Deal
Nucleus

Fast service - receive your funding in 24 hours

Unsecured and secured business loans

7 products tailored to your business
- Minimum Turnover
  £60,000 p.a.
- Available Amounts
  £3,000 to £50,000,000
- Available Terms
  3 months to 8 years
Company details

Fast service - receive your funding in 24 hours

Unsecured and secured business loans

7 products tailored to your business

Eligibility criteria

Fast service - receive your funding in 24 hours

Unsecured and secured business loans

7 products tailored to your business
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

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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.