Glossary definition
Reserved Matters
The detailed aspects of a development that are held back for later approval when outline planning permission is granted, typically covering access, appearance, landscaping, layout, and scale. A reserved matters application must be submitted within the time limit specified in the outline consent, usually three years.
Definition
The detailed aspects of a development that are held back for later approval when outline planning permission is granted, typically covering access, appearance, landscaping, layout, and scale. A reserved matters application must be submitted within the time limit specified in the outline consent, usually three years. Lenders generally require full or reserved matters approval in place before completing on a development finance facility, as outline permission alone carries implementation risk.
See also
Closely related terms.
Planning Permission
Formal consent from the local planning authority required before carrying out most types of development, including new construction, material changes of use, and significant alterations to existing buildings.
Condition Precedent
A requirement that must be satisfied before a lender is obliged to make funds available under a facility agreement, often abbreviated to CP.
Section 73
An application made under Section 73 of the Town and Country Planning Act 1990 to vary or remove conditions attached to an existing planning permission.
Further reading
Guides that touch this term.
Guide
Legal Due Diligence in Development Finance: What Solicitors Check
Legal due diligence is the backbone of every development finance transaction. This guide explains what solicitors investigate, common issues that delay completions, and how to prepare your legal pack.
9 min read readReadGuide
How Does Development Finance Work? A Complete Guide for UK Developers
A ground-up guide to how development finance is structured in the UK, covering loan mechanics, drawdown schedules, monitoring surveyors, and what lenders look for in your application.
5 min read readReadGuide
Development Finance Application Checklist: Documents You Need
A comprehensive checklist covering every document lenders require for a development finance application, from development appraisals to contractor tenders and planning evidence.
11 min read readRead
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