“Our relationship with Bath & West keeps things running smoothly”

Nicky Martin has been developing residential properties in the South West for over 30 years. Originally working with his father, Nicky now runs Bath-based developer Martin’s Developments Ltd, a family-owned firm that specialises in small to medium-sized projects,...

Bridging Industry stalwart Matthew Anderson joins Bath & West Finance

Matthew Anderson has joined West Country bridging lender Bath & West as commercial director. Anderson has over 25 years experience in the bridging and development finance markets, formerly heading up development lending at Amicus Finance and prior to that, at...

Should unregulated bridging really be driven by borrower status?

A recent report into the bridging market, penned by EY Financial Services, articulated some interesting features of the current short-term market that bear a little more thought. According to EY’s analysis, growing competition in the bridging market ‘requires...

Thematic review of the short-term sector: Is it time to re-visit the basics of bridging?

The bridging market has changed a lot over the past decade. No longer is the dominant model to have a number of private individuals funding short-term development projects, underwritten on a case by case basis and priced typically at between 1.5 and 2 per cent a...

Development Finance

A common-sense approach to development finance

Capital is the key ingredient for every successful development, whether it’s a new build, part-build or conversion. You need an experienced and reliable finance lender with a common-sense approach who can work alongside you and who can access funds quickly. At Bath & West we can strengthen your position by arranging short-term finance on competitive terms and will work side by side with you throughout the period of the loan, ensuring that you only pay for the capital you use.

“We have extensive experience in assisting developers with more complex cases, often with multiple units, and often ‘new build’. Cash flow is key is seeing a development through to a successful conclusion and our products are designed to enable a developer to have peace of mind, safe in the knowledge funds will be available to cash flow a scheme through its life.”

Matt Mustoe

Bath & West Finance
Project Manager

Key rates & features

Maximum Loan


Minimum Loan


Maximum LTV On Completion


Maximum LTGDV


Costs Funded


Cost Limit


Maximum number of units


commitment fee


Broker Commission

from 1%

Monthly Interest

from 0.85%

Interest Payment Method


Exit Fee

45 Days Interest

Minimum Term

90 Days

Maximum Term

540 Days

Stage Releases

Certified Costs

Stage Release Procedure

Monitoring Surveyor

Stage Release Fee


Monitoring Surveyor Fees

Market Rate

Key Product Criteria*


Land to be developed to residential, semi commercial or prime commercial



Type of Charge

First charge


Full planning permission will need to be in place prior to completion

Building Control & Warranty

Stage releases are tied in with statutory and warranty inspections


Large refurbishment and conversions, demolision and ground-up developments and part-built developments

* Please refer to the criteria page for standard loan criteria for all products

Development, Reading

Our client required a loan to demolish a two-storey detached house and garage and to fund the development of three units. They also applied for enhanced planning, post-completion, to split one of the larger units into two semis.

We were happy to complete the loan on the current planning permission, with the understanding that a revised planning application would be made post-completion. We detailed all necessary requirements for enhanced planning in our offer letter, creating a clear path for the client to follow if enhanced planning was granted.

Loan: £1,529,200
Value: £2,450,000
GDV: 63%

Download our full product guide