Property Development for Developers

We understand Property Development

Our Property Development division provides acquisition, construction and sales period funding to support the building activities of housebuilders and developers operating across England and Wales.  With commitments in the region of £1bn, we support the creation of around 5,500 new homes at any one time across residential, residential-led mixed-use and commercial projects. In addition, UTB works with Government agencies including the British Business Bank, Homes England, and the Housing Growth Partnership to enable housebuilders to access competitive funding at increased levels of gearing.

Housing Accelerator Fund

A five-year alliance between Homes England and UTB to improve financial support for the building activities of small and medium sized housebuilders and developers.

Key features

  • Loans from £1m to £10m
  • Maximum Loan to GDV 70%
  • Available in England

Development Finance

Development of new housing, new build as well as conversions and refurbishment of existing buildings

Key features

  • Loans from £1m to £30m
  • Maximum Loan to GDV 65%
  • Available in England & Wales

Development Exit Funding

Designed for residential or residential led mixed-use property where an extension of time is required to allow for the sale of a scheme, equity release as a cash contribution to a new scheme or stabilisation of rental income.

Key features

  • Loans from £1m to £30m
  • Maximum Loan to Value 75%
  • Available in England & Wales

Our Process

Enquire & meet

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Get in touch to discuss your project

Your business development manager we aim to review and provide indicative terms or decline within 24 hours

Agreement & offer

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Your business development manager will present your proposal to our Credit Committee.

Our Credit Committee meets each working day, providing immediate and reliable decisions and a formal offer letter usually follows within 48 hours.

Due Diligence

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Upon acceptance of your offer letter and payment of the commitment fee, a dedicated case manager will instruct a solicitor, valuer and project monitoring surveyor to report on your project. Your case manager will also complete statutory checks.

Drawdown

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Once we have reviewed all the reports and completed our checks we will register the security and release the funds. Further staged funds will be available in accordance with the loan agreement throughout the project.

Repayment

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Once the scheme is completed, your loan will be repaid from the proceeds of sales, refinancing or other exit strategy.

Property Development News

Read news, views and thought readership from the Property Development division and industry contacts

Awards

Our commitment to tomorrow

Although our activities have limited direct impact on the environment, we are aware of the important role businesses can play in society and protecting our planet.