Finance for schemes that actually get built.

Development finance covers land plus build costs, funded to 70% of gross development value and up to 100% of build costs on the right scheme. Ground-up development, conversions and heavy refurbishment are all in scope, but lenders need planning permission in place, a costed build schedule, an experienced contractor and a credible exit before they will look seriously.

Funds release in stages against a monitoring surveyor's certification of works completed, not against the headline facility, so cash flow planning needs to sit around drawdown timing rather than the total sum. Development exit bridging is worth knowing about too: it clears the more expensive development facility once practical completion is reached, ahead of sale or long-term refinance.