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The Complete Property Development Finance Application Checklist
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bridging loans

"To stand a chance of getting your property development finance approved by a credit committee, you need to have the right answers to their questions and meet their criteria. To increase your chance of success, you need to cover every angle, and for that, you need a checklist." - Property Finance and Bridging Loan experts UkPropertyFinance.co.uk

Below is a comprehensive checklist to help you ensure you don’t forget anything or unknowingly leave important things out. Whether you are planning a large building project or want to carry out a light renovation, this checklist will come in handy to help you prepare thoroughly.

The Complete Checklist


  • Development Team
  • Building Regulations
  • Timeline
  • Planning Permission
  • Contingency Plan
  • Gross Development Value (GDV)
  • Overall Cost Breakdown
  • Potential Yield
  • Purchase Price
  • Total Build Cost
  • Your Resume in Property Development

Let’s break down the checklist.

Development Team

Lenders will want to know about your professional development team. We are talking about your site planner, architect, builders, quantity surveyor, and so on. Who are they? What experience do they have in the field? Have they executed similar projects before? You need to prepare to address these.

Building Regulations

You will need to present details of Building Regulations as it pertains to the design and construction of your building. This is required by law. Among other things, Building Regulations address energy conservation, safety, disability, and standards.


How long will it take you to finish the development project? You need to be clear about this and provide a breakdown to show how feasible it is. You also need to take unexpected incidents into consideration as you draw up your timeline.

Planning Permission

As part of construction compliance, you will need to present the Planning Permission for your building. Planning Permission is about how your proposed property will impact the immediate environment and the people living around it.

Gross Development Value (GDV)

GDV is what the proposed property will be worth in the property market after all development work has been carried out. You need to accurately appraise this. You may need to enlist the services of development finance specialists for this.

Contingency Plan

Typically, this boils down to additional costs you will incur in dealing with unforeseen events. For that, you need a cash reserve that should form part of your plan. Other contingencies may have to do with not meeting with the project deadline, bad weather, and new government regulations that may prevent you from achieving certain things. You need a clear plan for these, lenders will want to see it.

Overall Cost Breakdown

Lenders need to see a breakdown of the total cost of the project and how the money will be spent.

Potential Yield

This is the returns expected from the property when completed. There are different ways to calculate this depending on the type of property you want to develop. Whichever way, ensure you have a figure for it.

Purchase Price

To get this, ensure you read the sales particulars of the property you want to acquire and ask the seller about anything you are not sure of so that the true purchase price can be calculated.

Total Build Cost

This comprise of the full cost of materials and labour that will go into the building development.

Your Resume in Property Development

Lenders need to have the confidence that you have what it takes to carry out the development project as planned. For this you will need to prepare your resume showing your experience and knowledge in property development.

In Conclusion

To approve property development loans, lenders want to see a viable investment with great potential yield. Your job is to eliminate any doubt that will make your proposed project to be viewed as a less-than-stellar investment.

Pay attention to your contingencies and how much the property will be worth in the open market in the current economic situation. Using the above checklist as your guide, you should have all your bases covered and come out smiling in the end.


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