Magnet Capital

Your Development
Finance Lender

Magnet Capital is a principal lender for development finance across the UK and Wales. We understand that every development project is different and our funding is tailored to each individual project to suit the needs of our clients. Use our enquiry form or development finance calculator below to get an initial quote, and a member of our team will come back to you as soon as possible.

Quick Quote
  • Please tick the box below if you agree to let us process your data. Check our Privacy Policy for more information.

Our team has decades of experience in finance and property development. We act as a business partner for our clients and we pride ourselves on our speed, personal service and flexible approach.

Our Values

  • We treat all our clients and partners as human beings rather than a number.
  • We do not operate as a bank; we only lend our own funds which means that stage payments can be released within 24 hours of site inspection because we understand that timing is key when it comes to property development.
  • All our loan facilities are tailored to our clients’ individual needs, rather than a one-size-fits-all approach. We provide direct contact with decision makers right from the start.
  • We aim to establish long term relationships with everyone we work with. Our job is to help our clients’ businesses grow.
  • We meet every client we work with face to face because we believe good working relationships can never be built over the phone or by email.
  • We lend funds for development finance only. Unlike other lenders, our sole focus on development finance reflects our deep level of knowledge and expertise.

Try Our Development Finance Calculator

You can use our handy calculator to give you a rough estimate of how much you can borrow for your upcoming property development project.

Once we have the basic information we can speak to discuss your development finance requirements further.

  • *We will contact you immediately to advise how much you can borrow. Please tick the box below if you agree to let us process your data. Check our Privacy Policy for more information.

Development Finance



What is Development Finance?

Development Finance is short term finance for the new build construction, conversions and refurbishment projects, predominantly for residential projects. Funding can be used for 100% of the build costs and up to 50% of the purchase price.

Why should I choose Magnet Capital for Development Finance?

Magnet Capital is a principal lender of development finance for small residential construction projects. Magnet Capital is a development finance specialist, so we are not distracted by offering bridging, buy to let or any other types of loans. We prefer to stick to what we know!

Accordingly, the team are property development finance experts with a focus on creating long term relationships with our borrowers and brokers. Magnet Capital is not a bank and we pride ourselves on our speed, personal service, insight and flexible approach to development finance lending. All our clients get to know the Magnet Capital team as individuals and work closely with them.


Where will Magnet Capital lend?

Magnet Capital will lend from the Midlands southwards including south Lincolnshire and Derbyshire, covering the whole of Southern England as far west as Devon. We will also lend in the Cardiff postcodes. Within these areas we will lend provided a reasonably active market exists for the finished dwellings.

How long does it take to get a decision in principle?

Once we are provided with an overview of the project, location, the key numbers (site cost, construction cost and gross development value) and details of the borrower’s experience and net worth, we will provide a decision in principle within one working day, however usually it will be available within a matter of hours. We appreciate that time is of the essence!

How much does Magnet Capital lend?

Magnet Capital offers loans from £100,000 to £2,000,000. We’ll lend up to 100% of the build costs of your development project, and 50% of purchase price or current site value.

What types of development does Magnet Capital lend on?

Magnet Capital lends on residential new build, conversion or refurbishment projects

What will it cost me?

At Magnet Capital, when we have all the details of a loan and they fit our criteria, we will be able to provide you with a quote, or decision in principle (DIP). Our DIP will clearly outline all the costs of borrowing from us, including professional fees, such as for solicitors and surveyors. We don’t hide anything and are completely transparent about our costs. We appreciate that when costing for a development project, it’s essential to know what the finance charges will amount to, as this will affect your bottom line.

How do I apply for a loan?

All we need in order to provide a DIP is a brief outline of the project. If the project works for us then we are able to move to the next steps, which involves completing and returning our simple application form. Following this we then arrange a meeting in our office so we can sit across a table and explain the ins and outs of the development facility, in a relaxed face-to-face setting.

How long does it take to receive funds?

This all comes down to how quickly the lawyers can work on the loan behind the scenes. We really do stress to our clients to have good legal representation with professionals that is familiar with this sort of work. We say as an average from our sign-up meeting it takes 4 to 8 weeks to complete the legal work, however this is a very rough guideline.

Does Magnet Capital use a quantity surveyor?

We are committed to trying to minimise costs for our clients, so on loans where the build costs are less than £500,000 we instruct a chartered surveyor to monitor a scheme rather than a quantity surveyor. Our professional advisers act as an additional sounding board for our clients and indeed have proved invaluable over the years by picking up on factors that have subsequently avoided our clients spending additional time and expense in the future.