The opportunity
Permitted Development rights allow many commercial buildings to be converted to residential without full planning permission. This has created significant opportunities for developers, but requires specialist finance that understands the planning context and conversion costs.
Property types we finance
- Office to residential (PD rights)
- Commercial to residential (full planning)
- Barn and agricultural conversion
- Industrial to residential
- Change of use projects
Key benefits
PD rights and full planning considered
Whether your project uses Permitted Development or requires full planning permission, we have lenders for both.
Staged drawdown as works progress
Funds released in tranches against completed works, monitored by the lender's surveyor.
GDV-based lending
Lending calculated on the completed value of the project, not just the current purchase price.
Experienced and first-time converters
From your first conversion to large-scale schemes, lenders to match your experience level.
All conversion types considered
Office, industrial, agricultural, retail, and other commercial-to-residential conversions.
Exit to sale or long-term mortgage
Sell the completed units individually or refinance the block onto a long-term investment mortgage.
What you need
To assess your conversion project, we'll need details about the property, planning status, development appraisal, and your exit strategy.
- Property details and current use
- Planning permission or PD rights confirmation
- Schedule of works and development appraisal
- GDV, what the completed units will be worth
- Developer experience and track record
- Exit strategy
Important: Conversion finance is secured against property. Ensure you have the correct planning permissions or PD rights in place, a realistic development appraisal, and a clear exit strategy before proceeding. Failure to meet repayment terms could result in repossession.
Frequently asked questions
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