Development
Any questions?
Give us a call or send us an email. We’re happy to help.
Secure the funding you need for your development projects with a development loan from Lendhub. We can fund the ground-up development of single or multi-unit residential-led schemes, and heavy refurbishments. Our specialist finance solutions are crafted to assist developers at every stage, from aquisition to build, through to exit, ensuring consistent progress and successful outcomes.
Our efficient application process and rapid approvals mean you can move forward without delays. Our team offers continuous support and clear communication, ensuring your journey is straightforward and hassle-free.
- Loan amount
- £500k - £7.5m
- Max LTGDV
- 70%
- Max LTC
- 90%
- Interest rates
- From 5.5% pa +BBR
- Term
- 6 - 24 months
Loan Overview
- Rates from 5.5% pa + BBR
- Up to 70% LTGDV
- Up to 90% LTC
- Planning gain considered as equity
- Non-regulated
- Daily Rolled Interest
- Terms up to 24 months
- Coverage across England & Wales
- 48-hour interim drawdown process
- Available on residential, commercial and mixed-use schemes
- Financing for new builds and major renovation projects
- Rapid approval process for quick access to funds
- Dedicated team and fast turnaround
General
- Maximum number of applicants: 4
- Borrower Experience: Experienced developers with a track record of at least two similar schemes, or first-time developers with relevant experience and strong professional support.
- Deposit: On all purchase cases the source of deposit must be disclosed and Lendhub may request that evidence of the deposit is produced.
- Servicing is not allowable.
- Exit Strategy: The borrower must have a valid and reasonable exit strategy in place to repay the loan at term.
Individuals
- Minimum age: 18
- Maximum age: 85
- Personal names, Trusts, and Partnerships
- Foreign nationals & expats are not permitted.
- Criminal convictions are not permitted.
- If accompanied by evidence and an explanation that the issue was only temporary then missed payments and credit blips can be considered.
- The following credit profile is applied for loan applications:
- No bankruptcy/IVA in the last 3 years.
- Missed mortgage/secured payments allowed: Up to 4 in the past year. None in the past 6 months.
- Unsecured arrears allowed
- County Court judgments (CCJs) allowed: Maximum value of £10,000 which must be settled prior to completion.
- Gifted deposits for individuals are acceptable. A deed of gift and gift indemnity insurance will be required.
Companies
- SPvs, Limited Companies, and LLPs
- Full personal guarantees are required from all directors and shareholders holding more than 25% of shares in the company.
- Gifted deposits for Limited Companies. Acceptable without a customer contribution when the following are in place and verified: Directors loan, Intercompany loans, Business savings
- Bankruptcy or liquidation: No bankruptcy or winding up petition in the last three years.
- Part-complete developments and new-builds
- Residential-led schemes, or mixed-use where the commercial element is 25% or less if the total value; underwritten on vacant possesion basis
- Minimum EPC rating of B on new-builds
- Schemes without planning permission, or built using non-standard construction methods, are not permitted
- No owner-occupied properties
- Properties in England and Wales
How it works
Enquire & apply
Get an indicative offer in minutes using our quick calculator, or contact us directly. When you are ready, apply straight from your offer.
Send us documents
Provide information about yourself and the property associated with the loan for us to review.
Sign final loan documents
Once everything is submitted and approved we send you final paperwork for you to sign.
Receive funding
The transfer happens within two weeks of the documents being signed.
Why choose Lendhub?
Experts at your fingertips
Our team of property experts help you find solutions specifically designed to meet your individual needs.
Certainty of funds
Unlike other lenders we will always lend on the terms you receive, so you can move forward with ease.
Quick process
We make speed a priority and are committed to ensuring you get your terms without delay.
Trusted partners
We’re here to support you, whether it’s servicing your current loan or helping your business expand more.
It has truly been my absolute pleasure to work with a lender that not only understands the importance of deadlines but try's their absolute best to go above and beyond, always attempting to exceed expectations. The commitment to getting things over the line efficiently has made a remarkable difference in repeat business but also to the most important thing, client satisfaction.
Commercial Finance Broker, 978 Finance Lendhub is a great lender to work with. Their team is proactive, responsive, and commercially minded, which really has helped us overcome hurdles during the process on a number of loans. It's refreshing to work with a lender that's genuinely focused on getting the loan completed with you. Highly recommend.
Specialist Finance Broker, Willow Isle Capital It has been an absolute pleasure working with Lendhub over the years. Our initial enquiries have always been responded to swiftly, the underwriting process was straightforward, the legals were speedy and not too cumbersome, and we have happy clients at the end of the transaction. All in all, a great experience and I look forward to working with them again soon.
Director, Mantra Group The team at Lendhub were unlike any other I've worked with in helping me finance my projects. They're able to step in at the last minute and underwrite efficiently and quickly, and as people they're just such a pleasure to work with and you can really see how their experience and expertise shines through in their work. I look forward to many more completions with them in the future and wish them much success.
Founder & Partner, London Roc My client was delighted with the recent stress-free completion and in a relatively short timeframe. With the refinance of part-complete developments we often encounter residual valuation hurdles, but Lendhub's “can do” attitude really did facilitate a smooth transaction. The fact that there were no issues throughout the process was testament to the pro-active nature of the whole team.
Director, Positive Commercial Finance My firm has completed numerous deals with Lendhub and working with their team is always a pleasure. They share our solution focused, proactive attitude and understand timing is key in this industry. Their knowledge and expertise is always a bonus when overcoming obstacles and meeting clients timeframes in order to get deals completed.
Founder & Managing Director, Enzo Finance
A solution built for you
Complete loan management
Our helpful team are always there to help you out if you have queries or need additional information.
Quick approvals
We get back to you quickly. Apply now and receive Heads of Terms within a day.
Expert support
Our experts are here to help. With us you’re never alone.
Transparent process
We give you clear, easily understandable information about the loan terms.
Development success stories
How We Structured a £1.7m Development Loan After a Down-Valuation
Experienced developer overcomes down-valuation with 70% LTGDV and bespoke self-funded works structure for two 5-bed houses near Kenilworth.
Read more![686397798853b7592c915829_Blog cover]-46536e6e5837.png](/_next/image?url=https%3A%2F%2Fwww.lendhub.co.uk%2Fmedia%2F686397798853b7592c915829_Blog%2520cover%255D-46536e6e5837.png&w=3840&q=75)
Experienced Developer Secures Finance to Deliver £4.15 Million GDV New-Build Scheme
£2.9m Development completion in London at 85% LTC
Read more
Get started with Lendhub today
Ready to get started? Need to talk to someone? Use our quick enquiry form or speak to one of our team members if you have any questions.
