Development finance for Manchester property developers.
I'm a broker who used to write the other side of these deals at HBOS. Today I place senior debt, stretch senior, mezzanine, JV equity, and exit finance across 50+ lenders. Send me your scheme — you'll hear back within 48 hours.
Capital arranged
Lender panel
Years in market
The market, in numbers.
HM Land Registry · Greater Manchester LPAs · last 12 months
3,199
Units in planning
Open applications, Q1 2026
£1.2B
Combined GDV
Across live pipeline
472
New applications
Last quarter
£450
Avg value / sqft
Prime city-centre
The UK’s most active regional development market — and I’ve lived in it for 20 years.
The GM Combined Authority’s Places for Everyone framework targets 170,000 new homes by 2037. The Bee Network is reshaping land values. HS2 at Piccadilly is redrawing the eastern city. Manchester consistently ranks as the top UK city outside London for residential investment. It’s also where I was trained in corporate banking, and where I’ve funded deals for the last two decades.
I arrange finance across every corner of Greater Manchester — from Ancoats warehouse conversions to Salford Quays BTR towers. Schemes from £500K to £20M+. One broker, the whole lending stack, and indicative terms within 48 hours.
Every product, the real numbers.
Indicative ranges pulled from live lender positions — market conditions and borrower profile shift these every month.
| Product | Facility | LTC | LTGDV | Rate (pa) | Term |
|---|---|---|---|---|---|
Senior Development Standard product. New build, conversion, refurb. Day-one land + staged build drawdown. | £500K – £30M | up to 70% | up to 65% | 7.0 – 9.0% | 12 – 24m |
Stretch Senior Capital-efficient. For experienced developers with proven track record. | £750K – £25M | up to 85% | up to 70% | 7.5 – 10.0% | 12 – 24m |
Mezzanine Second-charge behind senior. Bridges the equity gap on larger schemes. | £250K – £10M | up to 90% | up to 75% | 10 – 15% | 12 – 24m |
JV Equity Equity partner into the SPV. For proven operators scaling deal flow. | £500K – £20M | up to 100% | negotiated | Profit share | Project life |
Development Exit Refinance senior on practical completion. Release equity while you sell. | £500K – £25M | — | up to 75% | 6.5 – 8.5% | 6 – 18m |
Conversion / Refurb Light refurb, heavy refurb, commercial-to-residential, PDR conversion. | £250K – £10M | up to 75% | up to 70% | 7.5 – 10.5% | 6 – 18m |
Senior Development
Standard product. New build, conversion, refurb. Day-one land + staged build drawdown.
Facility
£500K – £30M
LTC
up to 70%
LTGDV
up to 65%
Rate
7.0 – 9.0%
Stretch Senior
Capital-efficient. For experienced developers with proven track record.
Facility
£750K – £25M
LTC
up to 85%
LTGDV
up to 70%
Rate
7.5 – 10.0%
Mezzanine
Second-charge behind senior. Bridges the equity gap on larger schemes.
Facility
£250K – £10M
LTC
up to 90%
LTGDV
up to 75%
Rate
10 – 15%
JV Equity
Equity partner into the SPV. For proven operators scaling deal flow.
Facility
£500K – £20M
LTC
up to 100%
LTGDV
negotiated
Rate
Profit share
Development Exit
Refinance senior on practical completion. Release equity while you sell.
Facility
£500K – £25M
LTC
—
LTGDV
up to 75%
Rate
6.5 – 8.5%
Conversion / Refurb
Light refurb, heavy refurb, commercial-to-residential, PDR conversion.
Facility
£250K – £10M
LTC
up to 75%
LTGDV
up to 70%
Rate
7.5 – 10.5%
Sanity-check your scheme in a minute.
Drop in your GDV, costs, and term. I’ve pre-set the facility at market-typical senior ratios (70% LTC / 65% LTGDV) so the numbers reflect what real Manchester lenders are actually quoting this month, not last cycle.
For a tailored quote with live lender positions, call me on 020 3816 3693.
Scheme inputs
Drag the sliders.
Based on Manchester market averages
Your estimate
Indicative Loan Amount
£1,190,000
Lower of 70% LTC and 65% LTGDV — capped by LTC.
- Loan to Value
- 47.6%
- Loan to Cost
- 70.0%
- Profit on Cost
- 47.1%
- Indicative Rate
- 7.5% – 9.5% pa
- Est. Monthly Interest
- £8,429
- Est. Total Interest (18m)
- £151,725
50+ lenders, one broker.
We approach mainstream and specialist lenders active in theManchester market, from challenger banks to specialist development funds. One enquiry, one integrated negotiation across the panel.
Below: examples of lenders active in UK development finance. Naming a lender describes the market; it does not mean we have a relationship with it or that it will lend on your scheme.
Shawbrook
Challenger bank
Paragon
Challenger bank
United Trust Bank
Specialist bank
OakNorth
Challenger bank
Aldermore
Specialist bank
Together
Specialist lender
Assetz Capital
Specialist lender
Octane Capital
Specialist lender
LendInvest
Specialist lender
Maslow Capital
Specialist lender
Atelier Finance
Specialist lender
Puma Property Finance
Specialist lender
Close Brothers
Specialist bank
Hope Capital
Specialist lender
MT Finance
Specialist lender
Avamore Capital
Specialist lender
Glenhawk
Specialist lender
Investec
Private bank
Where Manchester is building.
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Example schemes, illustrative facilities.
Illustrative scenarios showing the type of finance we structure — not completed transactions.
Ancoats Warehouse Conversion
24-unit conversion · 14m term
£4.2M · 75% LTC
Salford Quays New Build
68-unit BTR scheme · 18m programme
£12.5M · 70% LTC
Stockport Mixed-Use
12 residential + 2 commercial · 16m
£2.8M · 80% LTC
The human behind the panel.
Hi — I'm Matt. I've spent two decades in property lending and banking, and these days I focus on Manchester and the surrounding region. What I do now is simple: I bring schemes I believe in to lenders I already know, and I don't waste anyone's time if the numbers don't work. If you want a straight answer on your scheme, send it through — you'll hear back within 48 hours, and it won't be a form response.
Matt/Founder · 20+ years in development finance
Experience
20+ years
In property lending, including senior HBOS corporate banking.
Arranged
£400M+
In development facilities across the UK.
Lender panel
50+ lenders
We approach mainstream and specialist development lenders active in the UK market.
Network
Construction Capital
Part of the UK's largest independent development finance brokerage.
The type of finance we structure.
Fast-Turnaround Conversion Finance
£3.2M facility, Ancoats
An indicative facility for an Ancoats conversion project, secured inside 12 days using local market and lender relationships.
Illustrative example — not a completed transaction
Stretch Senior — Multi-Unit Scheme
45-unit scheme, Salford Quays
An indicative stretch senior facility for a 45-unit Salford Quays scheme, structured at 8.2% with 80% LTC.
Illustrative example — not a completed transaction
First-Time Developer Support
6-unit scheme, Stockport
An indicative package for a first-time developer's 6-unit Stockport scheme, with guidance through every step and funding inside three weeks.
Illustrative example — not a completed transaction
Development finance FAQs.
Send me your scheme.
Real numbers in 48 hours.
I’ll shortlist three to five lenders, run your deal against their live positions, and come back with structured indicative terms. If the numbers don’t work, I’ll tell you straight — I don’t waste your time or mine.