What documentation and property valuation criteria are most critical for securing development finance for a small-scale (3-5 unit) new-build project in the South East, and which lenders are most flexible for first-time developers?
Quick Answer
For development finance on a 3-5 unit new-build in the South East, critical documentation includes a comprehensive appraisal and financial projections. Lenders prioritise Gross Development Value (GDV) and build costs, typically seeking a loan-to-GDV ratio below 65%. First-time developers should engage with specialist brokers to identify flexible lenders.
About This Topic
Critical documentation (appraisals, financials) and valuation (GDV, build costs) are key for 3-5 unit new-build development finance. From April 2025, first-time developers should use specialist brokers to access flexible lenders.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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