Ground-up development requires a lender who understands construction risk — from contractor procurement and build programme management to monitoring surveyor requirements and staged drawdown mechanics. The right development finance facility aligns draw schedules with your cost plan, ensuring cash flow matches build progress without unnecessary interest carry.
Lender appetite for development finance varies significantly by scheme type and location. Purpose-built residential schemes with strong pre-sale evidence typically attract the keenest pricing, while more complex mixed-use or phased developments may require specialist funders who take a more nuanced view of construction and sales risk.
We structure development finance facilities that account for the practical realities of construction: weather delays, planning condition discharge timelines, and the gap between practical completion and legal completions on unit sales. Getting these details right at the outset prevents costly renegotiations mid-build.
The region's industrial heritage creates abundant conversion opportunities, from Victorian mills and factories to post-war commercial buildings with permitted development potential. Build costs are competitive, and the presence of multiple universities drives consistent demand for purpose-built student accommodation and HMO conversions.
Indicative Terms
Typical terms available for development finance in Evesham. Actual rates depend on your project specifics and experience.
Interest Rate
From 6.5% p.a.
Loan to Value
Up to 65-70% LTGDV
Typical Term
12-24 months
Arrangement Fee
1.5-2% of facility
Rates shown are indicative and subject to individual assessment. Contact us for a bespoke quote.
Representative Deal
A 12-unit residential development on a former commercial site near Evesham. The project involved demolition of the existing structure, full site remediation, and construction of a three-storey apartment block with underground parking. Funding structured as phased drawdowns against a 14-month build programme with day-one land release.
GDV
£4,200,000
Loan Amount
£2,730,000
LTV
65% LTGDV
Loan Type
Senior Development Finance
This is a representative example. Actual terms vary based on project specifics.
Common Questions
Submit your deal in minutes. Our team will come back to you with indicative terms within 24 hours.