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Development Funding

Development finance is funding to help you turn a development project into a dream home or profitable investment. The most common reasons for applying for development funding are new builds, refurbishments or conversions and developing to let.

You might have a portion of your back garden you can section off for a new-build, or perhaps you have inherited an older property that you wish to knock down to make space for new homes or apartments. We are experts in helping clients to arrange development finance for projects with planning permission throughout the UK.

If you are a buy to let investor wishing to carry out a light refurbishment of your single investment property, or an experienced landlord carrying out a heavy refurbishment of a property in your portfolio, you will need development finance. Likewise, if you are an experienced developer building a multi-unit mixed-use scheme, or an individual looking to fund a self-build residential project, you will also likely require development finance.

Typically, lenders will restrict borrowing to around 75% of the total cost of the build, providing it doesn’t exceed a gross development value (GDV) set by the lender. For example, if the cost of a development is £1 million, and its projected GDV is £2 million, with the lender setting 60% GDV as the maximum loan value, the lender will be happy to lend the £750,000 requested as it is below £1.2million – which is 60% GDV.

Raising finance for a property development can be tricky, we have helped property developers with and without experience.

Whatever your development needs, the right guidance to acquiring finance is essential.

Contact the development finance desk for a no obligation chat today.


Illingworth Mortgages, a trading name of Nicholas Carr is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

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