Property Development
expertise, on demand
Our Property Development division provides acquisition, construction, sales period and built to rent funding to support the building activities of housebuilders and specialist developers operating across England and Wales. With commitments in the region of £1.3bn, we support the creation of around 4,500 new homes at any one time across residential and residential-led mixed-use projects. In addition, UTB works with Government agencies including the British Business Bank, and the Housing Growth Partnership to enable housebuilders to access competitive funding at increased levels of gearing.
Acquisition Finance
To acquire sites and buildings for the purpose of developing new housing projects
Key features
- Up to 60% LTV
- Residential and Residential led mixed-use projects
- Loans from £1m to £30m
Development Finance
Development of new housing, new build as well as conversions and refurbishment of existing buildings
Key features
- Up to 65% LTGDV
- Residential and Residential led mixed-use projects
- Loans from £1m to £30m
Development Exit Funding
Designed for residential or residential led mixed-use projects 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
- Up to 75% LTV
- Residential and Residential led mixed-use projects
- Loans from £1m to £30m
Build to Rent
Flexible funding solutions for the development and operation of purpose-built apartments and houses. New build as well as conversions of existing buildings, including stabilisation and the rental period that follows.
Key features
- Up to 65% LTGDV
- Residential and Residential led mixed-use projects
- Loans from £5m to £35m
How can we help?
Our Process
Enquire & meet
Get in touch to discuss your project
Your relationship manager will aim to review and provide indicative terms within 24 hours
Agreement & offer
Your relationship 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 follows within 48 hours.
Due Diligence
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
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
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