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Adverse Credit Brokers
Development Finance

Development Finance for Adverse Credit

We introduce UK property developers with adverse credit to specialist lenders for ground-up builds, conversions and permitted development schemes. Experience-based underwriting.

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What is development finance?

Development finance is a specialist short-term loan for property developers funding the construction or conversion of residential or commercial property. Unlike a bridging loan (which funds a single lump sum), development finance is drawn down in stages as the build progresses — reducing overall interest costs.

Can I get development finance with adverse credit?

Yes. Specialist development lenders focus primarily on the scheme viability, the developer's experience, and the Gross Development Value (GDV) — not just the borrower's credit history. Adverse credit is assessed alongside the full picture of the case.

First-time developers with adverse credit face the highest barriers. Experienced developers with a track record of completed schemes have significantly more options even with CCJs or defaults on record.

How development finance works

Funds are released in tranches as the build reaches agreed milestones, verified by a monitoring surveyor appointed by the lender. The initial advance covers the land or site purchase. Subsequent drawdowns are released as foundations, frame, roof, fit-out and final completion stages are reached.

LTGDV vs LTV — what's the difference?

Development lenders typically lend on a Loan-to-Gross Development Value (LTGDV) basis — the loan as a percentage of the completed scheme's value. Most lend up to 60–65% LTGDV. LTV refers to the day-one land or site advance (typically up to 60% of site value). The GDV assessment requires a development appraisal and RICS valuation.

Permitted development and conversions

Office-to-residential and commercial-to-residential conversions under permitted development rights are increasingly popular schemes. Specialist lenders on our panel have specific products for these conversion types, including for developers with adverse credit.

Development finance FAQs

Common questions

Not always. Some lenders will provide funding conditional on planning permission being obtained. However, having planning permission significantly strengthens your application and increases the loan amount available.

Some lenders require a minimum track record (e.g. 1–2 completed schemes). First-time developers can still access funding with a strong scheme, a credible professional team, and a larger equity contribution.

Typically 4–8 weeks from application to first drawdown, depending on legal work, valuation and monitoring surveyor appointment. Complex schemes may take longer.

A monitoring surveyor (or project monitor) is appointed by the lender to inspect the build at each drawdown stage and confirm the works have been completed to the required standard before funds are released.

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