Property Development & Refurbishment Finance

Charterbank provide fast property finance for small developments, refurbishments and conversion projects across the entire South West and Southern half of the UK.

As a non-status lender of property development and refurbishment finance, Charterbank loan facilities are available to sole traders and limited companies, with no personal guarantees (PGs) required.

Charterbank is dedicated to providing an exceptionally high level of service and is renowned for its speed, integrity and reliability amongst customers and introducers alike. The management team enjoy a wealth property, development and commercial finance experience. We have a particular appetite for funding small scale developments and providing finance for single plots, light and heavy refurbishments and auction finance together with loans secured against all types of land and commercial property with or without planning permission.

• Products from 3-12 months • Immediate decisions • Up to 65% (net) LTV • Ltd Companies accepted • Self cert non status loans • No monthly interest payments • No upfront fees • No exit fees • No penalties • No red tape

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Loan Type:
AuctionBridgingDevelopmentRefurbishmentBusinessFarmingAgricultural Land

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How do property development loans work?

These kinds of loans work by securing a short-term commercial loan against a property (building/s or land). Usually the property that is used as security is the building or land that is being developed. However, alternative property can be used as security.

You can finance a property development by applying in your personal name or a company (which can be a new or existing company). 50–60% (net) of the site/property value can be advanced at the start of the loan with additional stage payments available throughout the build.



Products are available to fund up to 100% of the development costs in addition to funding towards the purchase. Stage payments are pre-determined at offer stage for ease of budgeting. However, these can be varied if the build programme alters.

Payments are typically made within 1 working day of the in-house site inspection having been carried out. Stage payments are made without the need for a quantity surveyor. No specific structural warranty provider or supervising architect is imposed, leaving the developer free to choose the provider that best suits their needs.

Strong growth from small beginnings

Facilities from £30k, with no prior experience necessary

Common development and refurbishment scenarios

Finance can be used to fund the purchase of land or property to be developed or to purchase land or property with planning or potential. Development finance is commonly used to fund the cost of building works at a property or site that is already owned.

Some of the most common development finance scenarios that we cater for are: finance for a single plot/single house build, finance for small residential developments, heavy and light refurbishment loans, finance for barn conversions, auction property finance, commercial property lending (for example office to residential conversions or pub conversions), land loans for property development, finance for stalled and unfinished projects.

How can development or refurbishment finance be used?

Charterbank’s tailored property development finance products are available for small new build sites, property conversions (including barn conversions) and extensive refurbishment projects.

Our loan facilities are fast, dependable and bespoke to suit the needs of you or your client.

Flexible loan terms from 3–12 months are available and come complete with rolled up interest, no up-front fees, no exit fees or early repayment penalties.

Explore more common loan scenarios or follow us on Twitter for regular updates.

Is property development finance for you?

Applications are welcomed from builders, developers and private individuals of all levels of experience. First time developers are accepted provided a suitable professional team has been appointed. Please note: Charterbank only provide loan facilities for business purposes (such as build to sell or build to let) and cannot lend where the purpose is to occupy the property once finished.

Find out more information on common loan scenarios
You can contact us for an informal discussion about your finance requirements.
Or click here to apply for a property development or refurbishment loan.

Additional development and refurbishment FAQs

Can I arrange a development loan or refurbishment finance for a stalled project/development?
Finance is available for all property types at any stage of construction. Development loans for part built, stalled schemes and unfinished development projects are readily available.
What happens to my development finance loan if my project runs over time?
In most circumstances, if you are not ready to repay the loan at the end of the term, you could opt to extend the term, subject to terms and conditions. Contact us for further information.
Can I raise additional finance if my development project goes over budget?
It is usually possible to arrange additional finance (a further advance) if you encounter unexpected costs or a cost overrun. Contact us for further information.
Can I arrange property development or refurbishment finance for a part-built project?
Charterbank specialise in finance for part built, unfinished and stalled projects and developments. We will even consider lending for part-built projects with missing or uncertified building works with lending decisions made on a case by case basis.
What is the typical loan size that Charterbank offer for development/refurbishment projects?
Development/refurbishment loans range from £30,000 – £500,000 with larger requirements considered on a case by case basis.