Three new lenders eyeing development finance market

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  • 02/01/2018
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Three new lenders eyeing development finance market
Three new lenders are expected to enter the development finance sector in 2018, Specialist Lending Solutions understands.

The sector saw significant arrivals in 2017 with more already lined-up for this year.

Blue Zest launched its offering in the last three months of the year, while The City of London Group has confirmed it will be seeking a banking license this year.

The market is expected to continue growing in the coming years as government seeks to streamline planning permissions and make the landlord sector more professionalised. This is proving attractive to new lenders.

 

Attractive market

Kingfisher Property director James Maunder-Taylor told Specialist Lending Solutions that he expected the three entrants into the market.

“I’m aware that there are lenders that were not providing residential development finance last year that are going to be making announcements soon for this year, which is good,” he said.

“I do know who the lenders are but I’m not at liberty to say. We know them quite well but I can’t name them for risk of betraying confidences – one is a possible, but two are pretty definite.

“It’s an area of the market where one sees the margin and the fees and its attractive,” he added.

While being positive about the arrival of new lenders, Maunder-Taylor also hoped they would offer something different to current providers.

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