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Development Exit Finance

Refinance your completed or near-complete development to repay senior debt, release profit and give yourself time to sell units at the best price.

FCA Regulated
Extensive Lender Panel
Based in Uxbridge
UK Wide Coverage
24hr Response
5★ Reviews

Exit Your Development on Your Terms

Development exit finance replaces your existing development loan with a lower-cost bridging facility once construction is complete or near-complete. This allows you to repay the senior development lender (avoiding punitive extension charges), release trapped equity, reduce monthly costs and sell units at the best market price rather than accepting fire-sale offers to meet development loan deadlines.

When Development Exit Finance Helps

Your development loan is expiring and not all units are sold
You need to repay your development lender to avoid penalty charges
You want time to sell remaining units at the best price, not in a rush
You've completed the build and want to release trapped profit/equity
You want to recycle capital into your next development project
Sales are progressing but slower than originally projected
Your development lender's exit terms are punitive

Get a Quote

Fast response, often within the hour for urgent cases.

Urgent? Call us on 0208 756 1 756 for same-day response

Key Criteria

• LTV: Up to 70–75% of GDV (Gross Development Value)

• Loan size: £250,000 to £25,000,000+

• Term: 6 to 18 months

• Rates: From 0.50% per month, often cheaper than development finance

• Units: Individual houses, apartments, mixed-use developments

• Stage: Practical completion or near-complete with clear timeline

How It Works

1

Assessment

We assess the completed development: GDV, units sold/under offer, remaining units, current debt and timeline.

2

Terms Sourced

We source competitive exit finance terms from our specialist panel, typically at a lower rate than the original development loan.

3

Senior Debt Repaid

The exit facility repays your development lender, stopping penalty charges and freeing you from their timeline.

4

Sell at Best Price

With time pressure removed, you sell remaining units at the best achievable price. As units sell, the loan reduces.

Risks & Considerations

  • • If remaining units don't sell within the exit finance term, you may face further extension costs
  • • Market conditions can change, a declining market may reduce achievable sale prices
  • • Exit finance carries its own arrangement and legal fees which add to total project costs
  • • Interest continues to accrue on the exit facility until all units are sold

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

A bridging loan is secured against property. Your property may be at risk if you do not keep up repayments. Bridging finance is a short-term solution and should not be used as a long-term borrowing facility.

Chess Mortgages is authorised and regulated by the Financial Conduct Authority. Some bridging loans are not regulated by the FCA.

Related Services

Ground Up Development

Development finance from the ground up.

Learn more

Heavy Refurbishment

Major refurbishment finance.

Learn more

Commercial Bridging

Commercial property bridging.

Learn more

Frequently Asked Questions

Is development exit finance cheaper than development finance?
Usually, yes. Because the construction risk has been removed (the build is complete), exit finance lenders offer lower rates, often starting from 0.50% per month compared to 0.65%+ for development finance.
Can I release equity/profit when I exit?
In many cases, yes. If the development has been completed and is worth more than the outstanding debt, the exit facility can be structured to release some profit or equity to you.
Do all units need to be completed?
Most exit lenders require practical completion or very near completion. A few remaining snagging items are typically acceptable, but the property must be habitable and saleable.
Can I exit individual units?
Yes. Most development exit facilities allow partial releases, as each unit sells, a portion of the loan is repaid. The release price per unit is agreed upfront.

Ready to Get Started?

Speak with one of our expert advisers today, initial consultation at our expense, and without obligation.

Book a Consultation 0208 756 1 756
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