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Category: Development

  • Paragon Development Finance Reaches £4bn Lending Milestone

    Paragon Development Finance Reaches £4bn Lending Milestone

    Paragon Development Finance has achieved a significant milestone, surpassing £4 billion in lending since its acquisition of Titlestone Property Finance in 2018. This achievement highlights the division’s robust growth in development finance, particularly in the North of England, where the proportion of schemes financed has surged by over 50% year-on-year.

    TL;DR: Paragon Development Finance has now lent £4 billion since 2018; this growth is particularly notable in the North of England, impacting landlords and investors in the region.

    How has Paragon’s development finance evolved?

    Since joining the Paragon Banking Group in 2018, the development finance division has significantly expanded its portfolio. Initially focused on residential development, it has diversified into various specialist sectors, establishing a strong track record in financing diverse property projects. This evolution is important for meeting the increasing demand for development finance in the UK.

    What does this mean for landlords and investors?

    The surge in lending activity by Paragon indicates a growing confidence in the property market, particularly in the North of England. For landlords and investors, this could signal increased opportunities for financing new developments or expanding existing portfolios. The notable increase in schemes financed suggests that lenders are becoming more willing to support projects in regions that may have previously been overlooked.

    What should borrowers and brokers watch next?

    With Paragon’s strong performance in development finance, borrowers and brokers should monitor the trends in lending patterns, especially in the North of England. The increase in financing could lead to more competitive rates and better terms for development projects. Additionally, as Paragon continues to grow, it may introduce new products or services tailored to meet the evolving needs of the market.

    Frequently asked questions

    What types of projects does Paragon finance?

    Paragon finances a range of projects, primarily focusing on residential development but also expanding into various specialist sectors.

    How can I benefit from Paragon’s growth in development finance?

    Landlords and investors can take advantage of increased financing options and potentially more competitive rates for their development projects.

  • Paragon Development Finance Surpasses £4bn Lending Milestone

    Paragon Development Finance Surpasses £4bn Lending Milestone

    Paragon Development Finance has achieved a significant milestone, surpassing £4 billion in lending since its acquisition of Titlestone Property Finance in 2018. This achievement highlights the division’s growth and its increasing influence in the UK development finance sector, particularly in the North of England.

    TL;DR: Paragon Development Finance has reached £4 billion in lending, marking a notable growth in the sector; this expansion is especially impactful for developers and investors in the North of England.

    How has Paragon’s development finance lending evolved?

    Since joining the Paragon Banking Group in 2018, the development finance division has significantly diversified its offerings. The proportion of schemes financed in the North of England, including regions like the North West, North East, and Yorkshire and Humber, has surged by over 50% year-on-year. This shift indicates a growing demand for development finance in these areas, as more developers seek funding for residential and specialist projects.

    What does this mean for developers and investors in development finance?

    The £4 billion lending milestone is a positive signal for developers and investors looking for funding options. With Paragon’s increased focus on the North of England, stakeholders in these regions can expect more tailored financing solutions that cater to local market needs. This could lead to more development opportunities and potentially higher returns on investment as the region sees increased activity.

    What should borrowers and brokers watch next in development finance?

    As Paragon Development Finance continues to expand its portfolio, borrowers and brokers should monitor any new products or services introduced by the company. The growing emphasis on residential development finance and specialist sectors may offer unique opportunities for those looking to finance projects in the North. Keeping an eye on market trends and Paragon’s evolving strategies will be essential for making informed decisions.

    Frequently asked questions

    What types of projects does Paragon finance?

    Paragon finances a range of projects, primarily focusing on residential development finance and various specialist sectors.

    How can I access development finance through Paragon?

    Developers and investors can access development finance through Paragon by contacting their representatives or through brokers who work with the company.

  • HTB Appoints Marchant as Lending Director in Development Finance

    HTB Appoints Marchant as Lending Director in Development Finance

    HTB has announced the appointment of Marchant as the new lending director within its development finance team. With over 20 years of experience in real estate finance and development funding, Marchant’s expertise will be pivotal in supporting brokers and SME developers, particularly across London and the South East.

    TL;DR: Marchant joins HTB to enhance development finance support for brokers and SME developers; his extensive experience aims to improve lending solutions in key UK markets.

    Who is Marchant and What is His Role?

    Marchant brings a wealth of knowledge from his previous role in NatWest’s real estate finance team, where he worked for over 12 years. At HTB, he will focus on providing tailored lending solutions to brokers and small to medium-sized enterprises (SMEs) involved in property development. Reporting to Rob Syrett, head of originations for development finance, Marchant’s role is expected to strengthen HTB’s position in the competitive development finance sector.

    What is Development Finance?

    Development finance is a specialized form of lending that provides funding for property development projects. This type of finance is important for developers looking to fund new builds or renovations. It typically covers costs such as land acquisition, construction, and other associated expenses. For brokers and developers, having experienced professionals like Marchant in the sector can lead to more efficient financing solutions, potentially speeding up project timelines and improving overall project viability.

    What This Means for Brokers and Developers

    The addition of Marchant to HTB’s development finance team is significant for brokers and SME developers. His extensive background in real estate finance may lead to improved lending processes and more competitive products in the market. As HTB aims to enhance its offerings, brokers can expect better support and resources to meet the needs of their clients, ultimately benefiting the development market in London and the South East.

    Frequently Asked Questions

    What impact will Marchant’s appointment have on development finance?

    Marchant’s appointment is likely to enhance HTB’s development finance offerings, providing better support for brokers and developers in securing funding.

    How can brokers benefit from HTB’s development finance services?

    Brokers can access tailored lending solutions and improved resources, helping them better serve their clients in the property development sector.

  • HTB Appoints Marchant as Development Finance Lending Director

    HTB Appoints Marchant as Development Finance Lending Director

    HTB has announced the appointment of Marchant as its new lending director within the development finance team. With over 20 years of experience in real estate finance and development funding, Marchant’s expertise will enhance HTB’s support for brokers and SME developers, particularly in London and the South East.

    TL;DR: Marchant brings over two decades of real estate finance experience to HTB; his role will bolster support for brokers and SME developers in key UK regions.

    Who is Marchant and What is His Background?

    Marchant joins HTB after a significant tenure at NatWest, where he spent over 12 years in the real estate finance team. His extensive experience in development funding and debt structuring positions him well to lead initiatives that support the growing demand for development finance in the UK property market.

    How Will This Impact Development Finance?

    Marchant’s appointment is significant as it reflects HTB’s commitment to enhancing its development finance offerings. By focusing on supporting brokers and SME developers, HTB aims to address the challenges faced by these groups in securing funding for projects. This move could lead to increased competition in the development finance sector, potentially benefiting borrowers through improved terms and access to capital.

    What This Means for Brokers and SME Developers

    Brokers and SME developers in London and the South East can expect more tailored support from HTB under Marchant’s leadership. His expertise in real estate finance may lead to more innovative funding solutions and streamlined processes, making it easier for developers to secure the necessary financing for their projects. This could be particularly impactful in a market where access to development finance is important for growth.

    Frequently asked questions

    What is development finance?

    Development finance is a type of funding used to finance property development projects, covering costs such as land acquisition, construction, and other associated expenses.

    How can brokers benefit from HTB’s new development finance strategy?

    Brokers can benefit from HTB’s enhanced support and tailored solutions for SME developers, potentially leading to better financing options for their clients.

  • HTB Appoints Marchant as Director in Development Finance

    HTB Appoints Marchant as Director in Development Finance

    HTB has announced the appointment of Marchant as its new lending director within the development finance team. With over 20 years of experience in real estate finance and development funding, Marchant’s expertise is expected to enhance HTB’s support for brokers and SME developers, particularly across London and the South East.

    TL;DR: Marchant, with 20 years in real estate finance, joins HTB to bolster development finance support for brokers and SME developers in London and the South East.

    Who is Marchant and What Experience Does He Bring?

    Marchant comes to HTB with a robust background in real estate finance, having spent over 12 years in NatWest’s real estate finance team. His extensive knowledge in development funding and debt structuring positions him well to assist brokers and developers in navigating the complexities of development finance.

    What Will Marchant’s Role Entail in Development Finance?

    In his new position, Marchant will focus on supporting brokers and small to medium-sized enterprise (SME) developers. He will report directly to Rob Syrett, the head of originations for development finance at HTB. This leadership change is significant as it aims to strengthen HTB’s offerings in development finance, an area important for facilitating new projects and investments.

    What This Means for Brokers and SME Developers

    For brokers and SME developers, Marchant’s appointment signals a commitment from HTB to enhance its development finance services. This could lead to more tailored financing solutions and improved access to funds, which is vital for those looking to undertake new projects in a competitive market. As the demand for development finance grows, Marchant’s role may also influence the types of products and services HTB offers.

    Frequently Asked Questions

    How can brokers benefit from Marchant’s expertise?

    Brokers can use Marchant’s extensive experience in real estate finance to obtain better financing options and support for their clients, particularly in development projects.

    What impact will this have on the development finance market?

    Marchant’s leadership at HTB may lead to more competitive offerings in development finance, benefiting developers seeking funding for new projects.

  • HTB Appoints New Lending Director for Development Finance

    HTB Appoints New Lending Director for Development Finance

    HTB has announced the appointment of Marchant as the new lending director in its development finance team, a move that could significantly impact brokers and SME developers in London and the South East. With over 20 years of experience in real estate finance, Marchant’s expertise will enhance HTB’s support for these key market players.

    TL;DR: Marchant joins HTB as lending director, bringing over 20 years of real estate finance experience; this change aims to bolster support for brokers and SME developers in London and the South East.

    Who is Marchant and What is His Background?

    Marchant has a robust background in real estate finance, having spent more than 12 years at NatWest’s real estate finance team. His extensive experience in development funding and debt structuring positions him well to navigate the complexities of development finance.

    What Will Marchant’s Role Entail in Development Finance?

    In his new role at HTB, Marchant will focus on supporting brokers and small to medium-sized developers. He will report to Rob Syrett, the head of originations for development finance, ensuring that HTB continues to provide tailored financial solutions that meet the evolving needs of the market.

    What This Means for Brokers and SME Developers

    For brokers and SME developers in London and the South East, Marchant’s appointment signals a commitment from HTB to enhance their development finance offerings. This could lead to more streamlined processes and better access to funding, which is important for driving forward development projects in a competitive market.

    Frequently Asked Questions

    What is development finance?

    Development finance refers to the funding provided for property development projects, covering costs such as land acquisition, construction, and other related expenses.

    How can brokers benefit from HTB’s new appointment?

    Brokers can expect improved support and tailored financial solutions for their clients, which may facilitate smoother transactions and better outcomes for development projects.

  • Shawbrook Expands Development Finance Team in South East

    Shawbrook Expands Development Finance Team in South East

    Shawbrook Bank has strengthened its development finance team in the South East by appointing Joseph Wilson and Aaron Cummings. This move is significant as it enhances the bank’s ability to support developers and brokers in a region experiencing robust demand for specialist funding.

    TL;DR: Shawbrook has added two experienced professionals to its development finance team; this bolsters support for developers and brokers in the South East, a key area for ongoing development activity.

    Who are the new team members?

    Joseph Wilson brings extensive banking and property finance experience, focusing on both residential and commercial real estate lending. His background includes managing complex property transactions and building strong client relationships. Aaron Cummings has a solid foundation in development finance, having worked in underwriting and portfolio lending roles. Their combined expertise is expected to enhance Shawbrook’s service offerings.

    What does this mean for development finance?

    The addition of Wilson and Cummings is poised to strengthen Shawbrook’s development finance division. The bank aims to enhance its relationship-led approach, which is important for navigating the complexities of development finance.

    What this means for developers and brokers

    Developers and brokers in the South East can expect increased support and tailored solutions from Shawbrook. This could lead to more confidence among developers in securing necessary funding for their projects.

    Frequently asked questions

    How can I access development finance through Shawbrook?

    Developers can reach out directly to Shawbrook’s development finance team for tailored funding solutions that cater to their specific project needs.

    What trends are currently influencing development finance?

    Ongoing demand for specialist funding and a focus on relationship-driven service are key trends shaping the development finance market in the UK.

  • Shawbrook Hits £3bn Milestone in Development Finance

    Shawbrook Hits £3bn Milestone in Development Finance

    Shawbrook Bank has reached a significant milestone by surpassing £3 billion in development finance, marking a decade since the establishment of its development finance division. This achievement highlights the bank’s role in supporting over 800 projects, contributing to the delivery of more than 11,000 homes and 1,400 purpose-built student units across the UK.

    TL;DR: Shawbrook has exceeded £3 billion in development finance, aiding over 800 projects and 11,000 homes; this trend underscores the growing reliance on specialist finance among property developers.

    What is Development Finance?

    Development finance is a type of funding specifically designed to support property developers in the construction of residential, commercial, and mixed-use properties. It can cover various costs, including land acquisition, construction, and associated fees. Shawbrook’s recent activity spans diverse sectors, including high-end residential projects and sustainable housing initiatives, reflecting the evolving market of property development.

    Why Is This Milestone Important?

    This £3 billion milestone signifies not just Shawbrook’s growth but also the increasing demand for flexible and tailored financing solutions in the property market. As developers face challenges such as rising costs and slower planning processes, specialist finance providers like Shawbrook are becoming critical in addressing these issues. The bank’s commitment to financing diverse projects indicates a shift towards accommodating a broader range of development needs.

    What This Means for Developers

    For property developers, especially mid-sized firms, Shawbrook’s success highlights a growing opportunity to access funding that aligns with their specific needs. According to recent research, 50% of mid-sized developers feel disconnected from traditional lending criteria, which can hinder their ability to secure financing. Shawbrook’s approach offers a more adaptable solution, allowing developers to navigate the current market’s complexities with greater confidence.

    Frequently Asked Questions

    What types of projects does Shawbrook finance?

    Shawbrook finances a wide range of projects, including residential, commercial, co-living, and care sector developments. Recent notable projects include luxury homes in St Andrews and a £13 million apartment scheme in Wimbledon.

    How can developers benefit from Shawbrook’s development finance?

    Developers can benefit from Shawbrook’s development finance by gaining access to tailored funding solutions that address their unique project requirements, helping them manage cost inflation and streamline their development processes.

  • UK Property Development Finance: A Complete Guide

    UK Property Development Finance: A Complete Guide

    TL;DR: Everything you need to know about development finance in the UK — from application to drawdown, covering rates, GDV calculations, experience requirements, and lender criteria.

    Key Takeaways

    • Specialist brokers can access deals not available on comparison sites or the high street
    • Every borrower’s situation is different — criteria vary significantly between lenders
    • Getting the right advice early saves time, money, and rejected applications

    What You Need to Know

    This is a topic that many borrowers find confusing, and for good reason — the criteria and options vary significantly depending on your circumstances, the property, and the lender. In this guide, we break down everything you need to know to make an informed decision.

    Whether you’re a first-time applicant or an experienced investor, understanding the landscape will help you secure the best possible deal. The UK mortgage market offers more specialist products than most people realise, but accessing them often requires expert guidance.

    How It Works

    The process typically starts with understanding your options and getting an agreement in principle. From there, a specialist broker can match you with lenders whose criteria fit your specific situation — something that’s particularly important in specialist lending where one-size-fits-all approaches rarely work.

    Lender criteria in this area can be surprisingly varied. What one lender rejects, another may actively welcome. This is why working with a broker who specialises in this area can make the difference between approval and rejection.

    Finding the Right Broker

    A specialist mortgage broker with experience in this area can save you time and money by matching you with the right lender first time. They’ll understand the nuances that generalist brokers might miss, and they’ll have relationships with lenders who specialise in exactly this type of lending.

    Find a specialist broker on Mortgage118 — compare whole-of-market brokers who specialise in this area, read verified reviews, and get matched with an expert who understands your needs.

    Frequently Asked Questions

    How do I find a specialist broker for this type of mortgage?

    Use a broker directory like Mortgage118 to search for brokers who specialise in this area. Look for whole-of-market brokers with specific experience and verified client reviews.

    How long does the application process take?

    Timelines vary depending on the complexity of your application and the lender. A straightforward case might complete in 4-6 weeks, while more complex situations could take 8-12 weeks. Your broker will give you a realistic timeline upfront.

    Do I need a larger deposit for specialist mortgages?

    It depends on the type of mortgage and your circumstances. Some specialist products require higher deposits than standard residential mortgages, but there are options across a range of LTVs. A broker can advise on what’s realistic for your situation.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    Article reviewed by David Sampson, CeMAP qualified mortgage specialist.

  • Mezzanine Finance: How It Works for Property Development

    Mezzanine Finance: How It Works for Property Development

    TL;DR: How mezzanine finance works alongside senior debt in property development, typical costs, when to use it, and how it affects your returns and risk profile.

    Key Takeaways

    • Specialist brokers can access deals not available on comparison sites or the high street
    • Every borrower’s situation is different — criteria vary significantly between lenders
    • Getting the right advice early saves time, money, and rejected applications

    What You Need to Know

    This is a topic that many borrowers find confusing, and for good reason — the criteria and options vary significantly depending on your circumstances, the property, and the lender. In this guide, we break down everything you need to know to make an informed decision.

    Whether you’re a first-time applicant or an experienced investor, understanding the landscape will help you secure the best possible deal. The UK mortgage market offers more specialist products than most people realise, but accessing them often requires expert guidance.

    How It Works

    The process typically starts with understanding your options and getting an agreement in principle. From there, a specialist broker can match you with lenders whose criteria fit your specific situation — something that’s particularly important in specialist lending where one-size-fits-all approaches rarely work.

    Lender criteria in this area can be surprisingly varied. What one lender rejects, another may actively welcome. This is why working with a broker who specialises in this area can make the difference between approval and rejection.

    Finding the Right Broker

    A specialist mortgage broker with experience in this area can save you time and money by matching you with the right lender first time. They’ll understand the nuances that generalist brokers might miss, and they’ll have relationships with lenders who specialise in exactly this type of lending.

    Find a specialist broker on Mortgage118 — compare whole-of-market brokers who specialise in this area, read verified reviews, and get matched with an expert who understands your needs.

    Frequently Asked Questions

    How do I find a specialist broker for this type of mortgage?

    Use a broker directory like Mortgage118 to search for brokers who specialise in this area. Look for whole-of-market brokers with specific experience and verified client reviews.

    How long does the application process take?

    Timelines vary depending on the complexity of your application and the lender. A straightforward case might complete in 4-6 weeks, while more complex situations could take 8-12 weeks. Your broker will give you a realistic timeline upfront.

    Do I need a larger deposit for specialist mortgages?

    It depends on the type of mortgage and your circumstances. Some specialist products require higher deposits than standard residential mortgages, but there are options across a range of LTVs. A broker can advise on what’s realistic for your situation.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    Article reviewed by David Sampson, CeMAP qualified mortgage specialist.