Development Finance
in Hammersmith

Development finance for Hammersmith projects typically ranges from £250,000 to £25 million. The amount available depends on your project's Gross Development Value (GDV), site acquisition costs, and build costs. Most lenders offer up to 70% of total project costs (Loan to Cost) and up to 65% of the GDV. For a typical Hammersmith residential development, this means you'll need to contribute 30-35% of total costs as equity.

Development finance rates for Hammersmith projects currently start from 0.65% per month (approximately 7.8% per annum). Rates depend on factors including your development experience, the loan-to-cost ratio, project risk profile, and exit strategy. Arrangement fees typically range from 1-2% of the facility. We compare rates across 50+ lenders to find you the most competitive terms available.

We provide indicative terms within 24 hours of receiving your project details. Full credit-backed offers typically follow within 5-10 working days. Completion can be achieved in as little as 2-3 weeks for straightforward schemes, though complex developments may take 4-6 weeks. If speed is critical, we have lenders who can fast-track applications for an additional fee.

Most development finance lenders require you to contribute 25-35% of total project costs as equity. This means if your total scheme costs (land plus build) are £2 million, you'd typically need £500,000-£700,000 in equity. With mezzanine finance, this can be reduced to as little as 10% of project costs, though the blended interest rate will be higher.

Yes, first-time developers can obtain development finance, though terms may be slightly more conservative. Lenders will typically offer lower LTC ratios (55-60%) and may require a more experienced project manager or contractor on site. We have specialist lenders on our panel who are comfortable with first-time developers, and we can help you present your project in the strongest possible light.

We fund a wide range of development projects across Hammersmith including: new build residential, office-to-residential conversions (both planning and PD), commercial-to-residential conversions, major refurbishments, mixed-use developments, HMO conversions, and land acquisition with planning. The Hammersmith area offers particular opportunities in riverside development, White City regeneration, and period property conversions.

Development finance is drawn down in stages as your project progresses. After the initial drawdown to fund site acquisition, subsequent tranches are released against QS (Quantity Surveyor) certifications confirming that build milestones have been achieved. This typically means monthly or bi-monthly drawdowns. Interest is charged only on the amount drawn, not the total facility, which helps manage your finance costs.

Standard fees include: arrangement fee (1-2% of the facility), valuation fee (varies by project size), legal fees (both yours and the lender's solicitor), monitoring surveyor/QS fees (typically £500-1,500 per visit), exit fee (0-1% — some lenders don't charge this). We provide a full cost breakdown before you commit, so there are no surprises. Our brokerage fee is typically 1% of the facility.