Property finance

Development finance

Short-term funding for new builds, conversions and major refurbs. From £25,000, terms up to 36 months. Up to 90% LTC or 75% GDV; 100% of build costs plus up to 70% of land. Interest often rolled up. Planning must be in place.

Apply for Development financeLearn moreOn qedfinance.com
Range
From £25,000
Term
Up to 36 months
Family
property
Search
Full market, one file

At a glance

  • Up to 36 months
  • Up to 90% LTC / 75% GDV
  • Interest rolled up
  • Planning required

How it works

  1. 1Short-term funding for new builds, conversions and major refurbishment.
  2. 2From £25,000, terms up to 36 months. Up to 90% loan-to-cost or 75% of GDV. 100% of build costs plus up to 70% of land is possible.
  3. 3Interest is normally rolled up and repaid at the end (sale or refinance).
  4. 4Planning must be in place before looking for finance.
  5. 5Some lenders will fund 100% of a strong scheme in return for a profit share (commonly up to 50%).

Who it’s for

  • Experienced developers and first-timers with a strong professional team
  • Projects with planning granted (or a resolution to grant, on a case-by-case basis)

Good to know

Lenders want a development appraisal: costs, timeline, GDV, contingencies, and who is building it.

Loan-to-cost is based on today’s budget. Loan-to-GDV is based on finished value. They are not the same test.

If the job overruns, tell the lender immediately. Contingency in the appraisal matters.

One application with QED searches the full market. That saves you running the same file around several lenders, and it avoids multiple credit searches on the business and directors. A hard search is only placed when you proceed with a chosen lender.

Documents QED will ask for

Same list as the attach-files section on the website application. Tick what you have when you apply; email the rest.

  • Last published accounts (full accounts, not abbreviated)
  • Latest management accounts if year-end is stale
  • Last 3–6 months’ bank statements
  • Property address, tenure and (if held) a valuation
  • Purchase contract or memorandum of sale (purchase)
  • Existing mortgage statement (remortgage / refinance)
  • Rental schedule or projections (buy-to-let)
  • Planning decision notice and development appraisal (development)
  • Clear exit route note (bridging)

FAQ

Drawn from qedfinance.com and the way the UK market actually underwrites these facilities.

Can I get 100% financing?

Yes, on schemes a lender rates as viable, often with a profit-share. It is not the standard LTC/GDV product.

What if I have no track record?

Bring a good agent, architect and an established builder. Some houses will still fund; others will not. That is a panel question.

What is development finance?

Short-term funding for new builds, major refurbishments or converting uninhabitable property. It can cover land purchase and construction costs.

Who can apply?

Experienced developers and first-timers. Some lenders insist on a track record; others will fund a first scheme if the agent, architect and builder are strong.

What are the key features?

From £25,000. Maximum term 36 months. Up to 90% of project cost (LTC) or 75% of GDV. 100% of build costs plus up to 70% of land. Interest typically rolled up. Planning must be in place.

What is required to secure it?

Planning permission, a comprehensive budget and timeline, a development appraisal, and personal or business financials. A qualified team matters as much as the sponsor’s own CV.

How is the loan amount determined?

By project cost and by GDV on completion. Lenders assess details, costs and expected market value.

What is the difference between loan-to-cost and loan-to-GDV?

LTC is the percentage of today’s budget the lender will fund. GDV is the percentage of finished market value. LTC is based on immediate costs; GDV is based on future value. They are not the same test.

What if the project goes over budget or schedule?

Tell the lender immediately. Some will flex; all of them want a contingency in the appraisal. Silence is what damages the file.

How do I apply?

Submit a project proposal — costs, timeline, GDV, planning and the team. The development application in this app collects the same fields as qedfinance.com/application.

How fast can funds land?

Bridging can complete in days once security is in place. Commercial mortgages and development facilities take longer because of valuation, legal work and (for development) drawdown monitoring.

Do I need a track record?

Some lenders insist on experience; others will fund a first scheme if the team (agent, architect, builder) is strong and planning is in place.

Prefer a number first?

Model an illustrative structure, email yourself a copy, then apply if it looks right.

Open the calculator

QED is a broker, not a lender. A low credit score can limit options with some houses; a search with us does not place a hard search on the business or directors until you proceed with a chosen lender.