Purchase of a £1.55mil Development – Buckinghamshire
Background
May 2025
Our clients had identified a lucrative property development opportunity in Buckinghamshire, purchasing for £1.55 million. The site included an existing residential property with full planning permission for six additional properties, giving a projected gross development value (GDV) of £6 million.
With £700,000 of personal funds already available, the clients were in a strong financial position to invest. Although this was their first formal property development project, both had extensive experience working within the building trade, providing them with solid construction knowledge and a clear vision for the site’s potential.
The Challenge
Despite the strong opportunity, the clients faced several obstacles. They had already applied for development finance through two separate lenders via a previous brokerage but had been declined on both occasions. This left them frustrated, time-pressured, and at risk of losing the opportunity altogether.
The vendor, who was relocating abroad, required a fast completion, limiting the time available to secure suitable development finance. With tight deadlines, complex financial requirements, and limited lender appetite due to the clients being first-time developers, the deal demanded a tailored, specialist solution that would maximise available borrowing while meeting strict timeframes.
At this point, they reached out to The Buy to Let Broker and one of our experienced specialists was assigned to the case, bringing their extensive expertise in structuring complex development deals and navigating lender criteria to help secure a suitable solution for the clients.
Our Strategy
After reviewing the full scope of the project and understanding the clients’ background, the broker identified Together Money as the ideal lender to move this deal forward.
Utilising Together’s specialist concierge service, the broker was able to secure a same-day offer for the clients, and a valuation was immediately instructed to keep the transaction on track.
To achieve the required level of borrowing, the broker structured the finance creatively, raising the maximum loan-to-value (LTV) on the property purchase itself and securing a second charge loan against one of the clients’ existing residential properties. This approach allowed us to raise a total of £866,500, structured on a 12-month term at a highly competitive rate of 0.83%.
By carefully presenting the clients’ experience, the site’s potential, and the robust exit strategy, the broker was able to position the application favourably with the lender, securing a swift approval.
The Results
Through a highly tailored approach and close collaboration with both the clients and the lender, the broker delivered a bespoke property development finance solution that allowed the clients to complete quickly and proceed confidently with the development.
| Purchase Price | £1.5 million |
| Gross Development Value (GDV) | £6 million |
| Loan Raised | £866,500 |
| Rate | 0.83% p.m. |
| Term | 12 Months |
| Mortgage Lender | Together |
The clients successfully completed the purchase within the vendor’s strict timeline and are now progressing with the full development, which will significantly grow their investment portfolio.
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IMPORTANT INFO
Any property used as a security may be repossessed if you do not keep up with repayments on your mortgage.
