Refinance an existing development loan onto a lower-cost facility once the build is complete or near-complete. Releases sales pressure and gives time for the right buyers. Submit your enquiry and a specialist broker will call you back.
The funds you can borrow are capped at 75% of the property value (first charge). If your selection exceeds that, the form will ask you to adjust.
Three simple steps to a bridging loan enquiry.
Tell us how much you need to borrow, the value of the property or land, and your contact details. The form takes about a minute.
A specialist bridging loan broker will call you back to discuss your circumstances, exit strategy and the right product for you.
The broker will review options from a panel of specialist bridging lenders and present quotes that suit your circumstances. There is no obligation to proceed.
£25k+
Loan size from
75%
Max LTV first charge
Days
Funds released in
No
Obligation
Submit your enquiry and an authorised broker will call you back
Specialist bridging brokers can review most case types — including those that have been declined by mainstream lenders.
Common situations where development exit finance is the right step.
Build is complete, marketing is underway, but units have not yet sold. Exit finance refinances the higher-cost development loan and gives the developer time to achieve the right sale price without forced discounting.
Project is at or near practical completion, defects period is in progress, refinance onto a long-term investment mortgage is being arranged. Exit finance covers the gap.
Project has run over schedule but is fundamentally sound. Exit finance refinances the original loan, sometimes alongside additional funds to complete the works.
Bridging the gap between completion of works and sale or refinance
Development exit finance is a specialist form of bridging used by property developers when the original development facility is approaching the end of its term but the project has not yet been sold or refinanced. It moves the debt onto a lower-cost facility, removing the pressure of the original loan's expiry.
Typical scenarios — units have been completed but not yet sold, the developer is waiting for the right buyers rather than discounting, the project ran slightly over schedule, or the developer wants to retain some units as a long-term investment and needs time to arrange the right refinance.
Development exit loans range from £25,000 to £25,000,000, with maximum 75% LTV on the gross development value. The exit is the sale of the units, the refinance onto a long-term investment mortgage, or a combination.
Specialist brokers have access to lenders, products and processes that are not always available going direct.
Some lenders accept automated valuations on suitable cases, which can shorten the time from application to drawdown when speed of completion matters.
Some bridging products are only available through specialist brokers and are not offered direct to consumers — useful when a standard product does not fit the case.
A specialist broker can present a case to multiple lenders, giving access to a wider set of options than approaching one lender directly. Dual representation may be available on some cases to speed completion.
Submit an enquiry and a broker will call you back to discuss your options.
Submit Enquiry