Our lending develops more than just great property

If you’re an experienced property developer or house builder looking to fund your next development, discover how our lending develops more than just great property.

Why Aldermore for Property Development Finance?

  • Personal service. Every case individually assessed by specialists, with bespoke pricing and terms
  • Regional lending teams with local market knowledge across England, Wales and Scotland
  • Lending up to 85% loan to cost or a maximum of 65% of the gross development value (GDV)
  • Loans up to £25m for new build, conversion, refurbishment, including residential either for sale or retention (BTR), purpose built student accommodation (PBSA), healthcare (for owner operated residential care and nursing homes) and pre-let/sold commercial property schemes
  • Flexible loan terms up to 30 months on simple or complex developments
  • Competitive fixed interest rates set on a deal-by-deal basis – providing interest rate certainty over the term of the facility
  • VAT Loans are available on purchases of land and property elected for VAT in conjunction with a new Aldermore Property Development Finance facility
  • Stabilisation terms provided for pre-let commercial, purpose built student accommodation (PBSA), healthcare (for owner operated residential care and nursing homes) and build to rent (BTR) schemes
  • One stop shop – we offer term debt facilities through our commercial mortgage offering for developers looking to retain or hold the developed scheme.

Want to find out more?

Here are a few examples of recent deals we’ve done showcasing how we’ve supported our clients.

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✔ Loan amount: £1.3m

✔ Loan to gross development value (GDV): 53%

✔ Repayment term: 12 months

✔ Region: Yorkshire

✔ Loan purpose: New build development of two retail units, a car park and a drive-thru that were pre-let
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✔ Loan amount: £13.3m facility

✔ Loan to gross development value (GDV): 65%

✔ Repayment term: 30 months

✔ Region: East Dorset

✔ Loan purpose: Conversion of former offices to 92 residential unit blocks with a collaborative workspace and a gym
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✔ Loan amount: £9.5m

✔ Loan to gross development value (GDV): 64%

✔ Repayment term: 21 months

✔ Region: Leeds

✔ Loan purpose: New build development of 91-bed purpose built student accommodation
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✔ Loan amount: £6.8m

✔ Loan to gross development value (GDV): 59%

✔ Repayment term: 22 months

✔ Region: Lancashire

✔ Loan purpose: New build development of 43 residential houses
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✔ Loan amount: £16.4m

✔ Loan to gross development value (GDV): 65%

✔ Repayment term: 33 months

✔ Region: South Yorkshire

✔ Loan purpose: New build development of 68 ultra-low carbon homes and two commercial units built using modern methods of construction (MMC)

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Subject to status. Security may be required. Any property or asset used as security may be at risk if you do not repay any debt secured on it.
Aldermore Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 204503). Registered Office: Apex Plaza, Forbury Road, Reading, RG1 1AX. Registered in England. Company No. 947662. Invoice Finance, Commercial Mortgages, Property Development, Buy-To-Let Mortgages and Asset Finance lending to limited companies are not regulated by the Financial Conduct Authority or Prudential Regulation Authority. Asset Finance lending where an exemption within the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 applies, is exempt from regulation by the Financial Conduct Authority or Prudential Regulation Authority.
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