Lending Criteria

Loan terms negotiated on merit

Each application is assessed and negotiated on its individual merits but the following general criteria will apply:


  • Experienced house builders and property developers
  • Demonstrable track record of building and selling similar developments.

Types of Development:

  • Residential development schemes
  • Houses, flats, new build, conversions, office to residential and property with a commercial aspect considered
  • Sites of 1-100 units, larger transactions considered
  • Sites located across England, Wales and Scotland in areas with established demand for new homes.

Financial parameters:

  • Loan facilities range from £500,000 to £10,000,000 larger loans considered
  • Ability to roll-up interest
  • Loans are secured by property/site
  • Borrowing term from 12 to 24 months
  • Competitive pricing and terms.

Lending strategy

BLG’s lending strategy is simple: we provide a secure source of funds to experienced house builders for the purchase of land and the construction of new housing.


Each loan application is assessed on its individual merits. Because every member of our lending team is well experienced in their role, we are able to work quickly and efficiently to meet development project deadlines.

Our underwriting process involves a detailed analysis of each development project. We make no apology for wanting to fully understand your new property product, your market and the key risks and opportunities presented in any given development proposal. And we do this at the sharp end, on site with your building team, your architects, engineers, sales and internal management group. We then supplement our in-house analysis with specialist reports analysing construction costs, ground conditions, environmental aspects and critical sales values and project time frames.

Structuring the development finance loans

We structure the development financing to accommodate the transaction’s features, ensuring that the obligations, rights, responsibilities and performance requirements are clear for each and every party. These obligations are then carefully documented with contracts and security executed and registered.

Transactional monitoring and reporting is a vital aspect of development funding and our surveyor will visit the development at least monthly to review progress, benchmarked against budgetary projections. Our relationship team also visit each site regularly to check progress, updating and re-analysing sales projections and timetables.

Supporting housebuilding, partnering with you

We lend on sites across England, Scotland and Wales. Each developer will be allocated with their own dedicated Regional Director who lives and works in their region.

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