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January 24, 2023

Up to £100m of new development funding and new rates

Luke Stevenson Written by Luke Stevenson
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Explore our new development rates, case studies and meet our team on our development page.

We’ve recently announced a landmark deal to continue supporting our developer clients. 

This comes at a crucial time for the development sector, as the government abandons house building targets but the demand for new homes remains incredibly high across the UK. 

Working in partnership with the British Business Bank, HSBC will provide up to £100m to our team to support SME property developers across the UK, with the transaction supported by the government-backed ENABLE guarantee programme. 

This builds on all the work we’ve been doing to expand our development team. 

With new regional relationship managers in place to cover the Midlands and North East / West of England, Wales and Scotland, working alongside experienced portfolio managers, we’ve never been in a stronger position to go out and deliver flexible funding built around developer needs.

On top of this, our development finance interest rates now start from 6.5% (+ Bank Base Rate) and our exit fees from 1%, which provides developers with the best possible deal and get them building essential homes. 

Steve Larkin, Head of Development Finance, said about the deal: 

“We are delighted to have entered into this new partnership alongside such significant financial institutions in HSBC and British Business Bank. This further cements our reputation as a credible and reliable development finance lender in this competitive market place as we look to support more and more SME developers to produce new quality housing. This is an exciting time for LendInvest and we look forward to assisting our existing and new clients with this new funding”.

Omega Poole, Head of Funds Management, added:

Supporting SME property developers on beds-led and residential projects remains a key part of the investment strategy for our flagship fund, LendInvest Secured Credit Fund II, and we look forward to working alongside HSBC and the BBB to provide smaller ticket development finance to further support our developer borrowers.’

Explore our new development rates, case studies and meet our team on our development page.

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