Development Exit Finance
in Devizes

Development exit finance is a specialist product designed for one specific scenario: your build is complete (or near-complete) but you haven't yet sold all the units. Your development finance facility is approaching maturity, and the lender wants repayment. Exit finance steps in to repay the development lender, replacing an expensive construction facility with a lower-cost holding loan while you market and sell at the best achievable prices.

The key advantage of exit finance over simply extending your development facility is cost. Development finance rates — typically 7-12% per annum with monitoring surveyor fees and non-utilisation charges — are designed for an active construction phase. Once the build is done, you're paying for risk that no longer exists. Exit finance reprices the facility to reflect the reduced risk of a completed, habitable scheme, often saving 2-4% per annum in interest costs.

Lenders offering exit finance assess the completed scheme rather than the development proposal. They instruct a valuation on the finished product, review your sales strategy and comparable evidence, and advance against the current market value of unsold units. This valuation-led approach often unlocks better leverage than the original development facility provided.

Coastal markets in Devon, Cornwall, and Dorset benefit from sustained tourism demand that supports mixed-use and holiday-let development models. Post-pandemic lifestyle migration to the South West has strengthened residential markets in towns previously considered secondary, with remote working enabling permanent relocation from London and the South East.