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Tailored funding for residential property developers

Through the Wales Residential Property Fund we offer loans for residential and mixed-use developments in Wales.

  • Loans up to 70% of Gross Development Value (GDV), including up to 100% of build costs
  • Loan sizes from £150,000 to £10 million
  • Loan terms of up to four years
  • Up to 2% green incentive reduction in fees

We're only able to support projects based in Wales.

Before we can help you, you’ll need to give us:

  • Address of the property you plan to develop.
  • Summary of your development plans and projected costs.
  • Breakdown of the expected Gross Development Value (i.e. the end values once completed).
  • Summary of previous development experience for you and the key individuals involved.

How to apply for a residential property loan

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Step 1

Contact our property team to discuss your project

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Step 2

Together we'll discuss your requirements and next steps

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Step 3

We'll send you a link to apply for your loan

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Step 4

Detailed review of your proposals undertaken, due diligence and credit sanctioning process begins

Your questions answered

If you're building residential property from scratch, a property development loan could help you with initial purchase costs and throughout the build of the project. Funds are released throughout the construction programme following a site visit from our independent monitoring surveyor who will certify costs to date and issue a certificate for payment, usually on a monthly basis.

You can borrow a minimum of £150,000 and a maximum of £10 million, with the loan amount determined by the value of the property.  

We can help with initial purchase costs, if the project metrics allow for this and planning permission's in place. We create a tailored approach to suit each individual project.

The loan can be used to fund the development of residential property in Wales.

The maximum term is 48 months for residential properties.

There are no set levels, but we expect customers to share the financial risk. Land purchase funds are often sufficient.

The loan is to support the development of new homes to completion and is either repaid from the sale of the completed units, from a refinance, or a mixture of both. This means we can re-lend the funds to support further property development.

What's next?

Get in touch with our dedicated property team to find out how a residential property loan could support your project

 

Contact us