Specialist mezzanine finance for Cornwall's developers

Development gap funding across the county of Cornwall

Across the 8 Cornwall towns we monitor, 112 residential units are moving through live planning applications, an estimated £29.8m of gross development value. Truro recorded 676 sales in the last 12 months, while Falmouth carries the county's strongest pricing at a median of £350,000.

That data is not decoration: it is how we underwrite. A mezzanine loan is a view on whether a scheme will sell at the price its appraisal claims, so we track every live application and recorded sale in the towns above before we price a Cornwall deal. The same numbers are published openly in our UK development pipeline tracker.

Cornwall forms the westernmost tip of the South West Peninsula, with the Atlantic to the north and the English Channel to the south. Truro is the administrative centre and only city, with Falmouth, Penzance, Newquay and the Camborne-Redruth area other key settlements.

The product itself works the same in Cornwall as everywhere we lend: your senior lender keeps first charge and funds the majority of cost, our mezzanine finance takes a second charge over the next slice, and your equity requirement falls, typically from 35 percent of cost to 5 or 10. Terms run 6 to 36 months with pricing indicatively from 12 percent a year, and a complete enquiry gets a term sheet inside 48 hours. Model your own scheme with the leverage calculator.

Cornwall's development pipeline, measured

Monitored towns only; data refreshed 5 July 2026 from HM Land Registry and local planning authority records.

Where we lend in Kernow

Falmouth

14 units sit in Falmouth's live planning applications, an estimated £4.6m of GDV. The median sold price over the last 12 months is £350,000 (down 0.4% year on year), across 356 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Bude

14 units sit in Bude's live planning applications, an estimated £4.4m of GDV. The median sold price over the last 12 months is £343,000 (down 6% year on year), across 209 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Newquay

14 units sit in Newquay's live planning applications, an estimated £4.1m of GDV. The median sold price over the last 12 months is £317,500 (down 2.3% year on year), across 533 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Truro

14 units sit in Truro's live planning applications, an estimated £4.1m of GDV. The median sold price over the last 12 months is £320,000 (down 2.1% year on year), across 676 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Penzance

14 units sit in Penzance's live planning applications, an estimated £3.6m of GDV. The median sold price over the last 12 months is £290,000 (up 3.6% year on year), across 408 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

St Austell

14 units sit in St Austell's live planning applications, an estimated £3.2m of GDV. The median sold price over the last 12 months is £257,225 (up 1.3% year on year), across 618 recorded sales. Schemes here are underwritten against that evidence, not against optimism.