Manchester Development Finance
development finance manchester

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 100+ lenders. Send me your scheme — you'll hear back within 48 hours.

Get indicative termsCall 0161 820 2050
Terms in 48 hours100+ specialist lenders£300M arranged
£300M+

Capital arranged

500+

Deals completed

50+

Lender panel

20+

Years in market

Manchester · right now

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

Why Manchester

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 the relationships to get your deal in front of the right desk within 48 hours.

The lending stack

Every product, the real numbers.

Indicative ranges pulled from live lender positions — market conditions and borrower profile shift these every month.

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%

See every product in detailModel your scheme
Model the deal

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 0161 820 2050.

Scheme inputs

Drag the sliders.

£2,500,000
£1,700,000
£1,200,000
£500,000
18 months

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

Get tailored terms for these numbers

Leave your details and we’ll send back indicative terms from our lender panel within 48 hours, alongside the modelled figures from the calculator above.

Your modelled GDV / cost / loan numbers are attached automatically. Indicative only — actual terms depend on scheme specifics and live lender appetite.

Lender panel

100+ lenders, one broker.

We hold live relationships with every mainstream and specialist lender active in the Manchester market — from challenger banks to specialist development funds. One enquiry, one integrated negotiation across the whole panel.

Below: a selection of lenders we have placed Manchester development deals with in the last 18 months.

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

Key development zones

Where Manchester is building.

View all areas
NOMA development area

NOMA

12 active

Major regeneration district north of Manchester city centre with £800M+ investment pipeline.

Explore area
Ancoats development area

Ancoats

18 active

Manchester’s fastest-growing neighbourhood. Former industrial heartland transformed into the city’s most desirable residential quarter.

Explore area
Salford Quays development area

Salford Quays

15 active

MediaCityUK and waterfront living driving sustained demand for residential and mixed-use development.

Explore area
Piccadilly development area

Piccadilly

10 active

HS2 station and Mayfield regeneration creating transformative development opportunities in the eastern gateway.

Explore area
Northern Quarter development area

Northern Quarter

14 active

Manchester’s creative and cultural hub with strong demand for boutique residential conversions and mixed-use schemes.

Explore area
Deansgate development area

Deansgate

11 active

Prime city centre corridor with high-rise residential towers and premium apartment developments.

Explore area
Spinningfields development area

Spinningfields

9 active

Manchester’s premier business district with growing residential fringe and high-value conversion opportunities.

Explore area
Victoria North development area

Victoria North

8 active

20,000-home masterplan making Victoria North one of Europe’s largest urban regeneration schemes.

Explore area
Great Jackson Street development area

Great Jackson Street

6 active

High-density residential quarter south of the city centre with landmark tower developments.

Explore area
Mayfield development area

Mayfield

7 active

Transformative £1.5B regeneration of the former Mayfield Depot.

Explore area
Greengate development area

Greengate

5 active

Salford’s gateway regeneration zone adjacent to Manchester city centre.

Explore area
MediaCityUK development area

MediaCityUK

13 active

BBC and ITV campus anchoring a thriving creative and residential quarter at Salford Quays.

Explore area
Stockport Town Centre development area

Stockport Town Centre

7 active

£1B town centre transformation led by Stockport Council.

Explore area
Case studies

Real schemes, real facilities.

Ancoats Warehouse Conversion

24-unit conversion · Completed 14m

£4.2M · 75% LTC

Salford Quays New Build

68-unit BTR scheme · 18m programme

£12.5M · 70% LTC

Stockport Mixed-Use

32 residential + 4 commercial · 12m

£7.8M · 68% LTC

View all case studies
Who you’re speaking to

The human behind the panel.

Hi — I'm Matt. I've spent two decades in property lending, most of it arranging development facilities for Manchester developers. 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

Meet the teamSee our deals

Experience

20+ years

In property lending, including senior HBOS corporate banking.

Arranged

£300M+

In development facilities across the UK.

Lender panel

100+ lenders

Live relationships with every mainstream and specialist development lender active in the UK market.

Network

Construction Capital

Part of the UK's largest independent development finance brokerage.

What clients say
Manchester Development Finance secured us a £3.2M facility for our Ancoats conversion project in just 12 days. Their knowledge of the local market and lender relationships is unmatched.

James T.

Director, North West Developments Ltd

We needed stretch senior finance for a 45-unit scheme in Salford Quays. Matt’s team found us a lender at 8.2% with 80% LTC — better than anything our previous broker had offered.

Sarah K.

MD, Greater Manchester Property Group

First-time developer and I was nervous about the process. The team guided me through every step of my 6-unit scheme in Stockport. Funded within 3 weeks. Couldn’t recommend them highly enough.

David R.

Property Developer, Stockport

Frequently asked

Development finance FAQs.

Development finance in Manchester is a specialist property loan designed to fund the construction, conversion, or refurbishment of residential and commercial properties across Greater Manchester. Manchester development finance typically covers up to 70% of the total development cost (LTC) and up to 65% of the gross development value (GDV). With Manchester's booming regeneration pipeline — driven by the GM Spatial Framework and Places for Everyone joint plan — demand for development funding has never been higher. Our development finance services cover schemes from £500K to £20M across all ten Greater Manchester local authorities.
Manchester development finance facilities typically range from £500,000 to £20,000,000, depending on your scheme size, track record, and the gross development value. Senior development finance covers up to 70% of total costs, while stretch senior facilities can reach 85% LTC. For larger schemes in areas like NOMA, Salford Quays, or Victoria North, mezzanine finance can take total funding up to 90% of costs. Use our development loan calculator for an instant estimate.
Interest rates for Manchester development finance currently range from 7.0% to 12% per annum, depending on the loan-to-value ratio, borrower experience, scheme location, and lender appetite. The Manchester market benefits from strong lender competition — with regional challengers like Together Money, Assetz Capital, and specialist funds all active across Greater Manchester. Our panel of 100+ specialist lenders enables us to secure the most competitive rates for your scheme.
We issue indicative terms within 48 hours of receiving a complete enquiry. Full completion typically takes 2–4 weeks, depending on valuation turnaround and legal complexity. For straightforward Manchester schemes with experienced borrowers, we have completed funding in as little as 10 working days.
We finance all types of development projects across Greater Manchester: new-build residential (apartments, houses, BTR schemes), commercial-to-residential conversions, office refurbishments, mixed-use developments, permitted development schemes, and purpose-built student accommodation. From warehouse conversions in Ancoats to large-scale regeneration in Stockport Town Centre.
Most lenders require at least outline planning permission before committing to a Manchester development finance facility. However, some specialist lenders will consider pre-planning funding for experienced developers with strong track records and viable schemes.
Mezzanine finance is a second-charge loan that sits behind the senior development facility, allowing Manchester developers to increase total borrowing to 85–90% of project costs. Mezzanine rates are typically higher than senior debt (10–15% pa) but significantly cheaper than equity.
We cover all ten Greater Manchester local authority areas: Manchester, Salford, Stockport, Tameside, Oldham, Rochdale, Bury, Bolton, Wigan, and Trafford. Key hotspots include NOMA, Ancoats, Salford Quays, Northern Quarter, Victoria North.
To apply for development finance in Manchester, you'll typically need: a detailed scheme appraisal or feasibility study, planning permission (or application details), cost schedules from your QS or contractor, your development CV showing previous projects, 12 months' bank statements, proof of equity contribution, and details of your professional team.
A specialist Manchester development finance broker understands the local market dynamics that national brokers miss — from the GM Combined Authority's regeneration priorities to individual council planning policies and local lender appetite. With £300M+ arranged and 20+ years of experience in property finance, including a background in HBOS corporate banking, our team has the relationships and expertise to secure the best terms for your Manchester development.
Next step

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.

Get indicative terms0161 820 2050