Development Finance
in Chorley

The development finance market has matured considerably, with challenger banks and specialist lenders competing aggressively for quality schemes. This competition benefits developers who can present well-structured proposals — but navigating 100+ potential funders to find the best fit requires market knowledge and established relationships.

Build cost inflation has been a defining feature of recent years, and lenders now scrutinise cost plans more carefully than ever. Fixed-price contracts with reputable contractors give lenders confidence and typically unlock better terms. If you're using a design-and-build approach, ensure your contract provides adequate cost certainty.

Planning risk remains the single biggest concern for development finance lenders. Schemes with full, unconditional planning permission attract significantly better terms than those with outline permission or subject to conditions. Discharging pre-commencement conditions before approaching lenders will materially improve your available terms.

Build costs in the North West remain materially below London and the South East, while rental yields are among the strongest in the country. This combination makes the region attractive to both local developers and national operators. Liverpool's waterfront regeneration and the continued expansion of MediaCityUK in Salford are creating significant development pipelines.