Property Development
for intermediaries
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.
We’re here to help Property Development intermediaries
With commitments in the region of £1.3bn, we support the creation of around 5,500 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, Homes England, and the Housing Growth Partnership to enable housebuilders to access competitive funding at increased levels of gearing.
Our products
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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
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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
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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
How can we help?
Our Process
Enquire & meet
Get in touch to discuss your project
Your business relationship manager will review and provide indicative terms or a quick decline within 24 hours.
Agreement & offer
Your business 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.
Become an intermediary
Becoming an intermediary is quick and easy. Either contact your local business development manager or complete our simple registration form.
News for intermediaries
Read news, views and thought readership from the Property Development division and industry contacts