Know what you need? Get in touch
If you'd like to contact us, you can call 02920 803 032 or email our Head of Development, Gareth Davies, below. To find another team member, just click below.
Email Gareth Meet the teamOur development loans are designed for experienced developers, with a proven track record. We take a relationship based-approach – working to understand your ambitions and helping you succeed over the long term.
Whether you’re looking to fund new builds, carry out a residential conversion, or undertake a refurbishment project, we can help.
Working with Chester Royal
Tailored loans
Projects come in all shapes and sizes, and we’ll work with you to make sure our development loans are tailored to support your ambitions.
Experienced team
Our expert team have ‘through the cycle’ development experience, so we’re well placed to support you, whichever stage your project is at.
Efficient process
We’re a small team, close to the decision makers, which means you can expect a quick and effective service, with minimal hold ups along the way.
Wide range of borrowers
We offer residential development finance of up to £5m to individuals, partnerships, and limited companies.
At a glance
Here's an overview of our Chester Royal Development Loan. From our key criteria to the types of developments we can offer finance for, you'll find all the information you need below.
- Available to individuals, sole traders, partnerships, LLPs, limited companies, PLCs
- Loan size – £1m – £5m
- LTV – maximum 65% GDV
- LTC – up to 80% cost
- Term – up to 24 months
- Interest margin – 6-8%
- Interest basis – Bank of England Base Rate
- Fees – 2-3% (calculated on facility amount)
- Security:
- First legal charge over freehold or leasehold (Leaseholds to have a minimum of 125 years remaining at completion).
- Debenture incorporating charge over relevant contracts where applicable.
- Interest cover and cost overrun guarantee.
- Warranties from consultants/sub-contractors where design responsibility exists.
- New Homes Warranty (min 10 years)
- Repayment profile – 100% net sale proceeds or refinance onto investment/PBTL facility
Build to rent?
If you’re planning on keeping your properties once the development is complete, our residential investment and portfolio buy-to-let teams could support you to do so. By refinancing onto a longer-term finance option with Chester Royal, you could save diligence and finance costs, as well as benefit from the security already being in place.
Our recent work
Here are some examples of the type of development finance projects and clients we've worked with recently.
Ready to get started?
If you'd some more information or to speak to one of our team, we're always happy to help.
Contact us