County Durham · North East England

Mezzanine finance for Peterlee developers

Second-charge development funding to 90 to 95 percent of cost, priced against Peterlee's own evidence: 474 recorded sales in the last 12 months and 864 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.

All of County Durham

£76k

Median sold price, 12m

474

Sales recorded, 12m

864

Units in live applications

£50.3m

Estimated pipeline GDV

The Peterlee market, in numbers we underwrite from

A mezzanine loan is a view on whether a scheme will sell at the price its appraisal claims, so every Peterlee deal starts with the local evidence. Over the last 12 months the town recorded 474 sales at a median of £76,000, up 8.6 percent year on year.

What Peterlee stock actually sells for

Property type	Median sold price, 12m
Detached	£226,000
Semi-detached	£105,000
Terraced	£56,000
Flats	£33,000

HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.

Live planning activity at Durham County Council

Over the last 3 months our monitors logged 22 relevant applications, 0 approved and 22 awaiting decision. Together the live residential applications propose 960 units with an estimated end value of £57.1m.

Schemes moving through planning now

Proposal	Units	Status
Variation of conditions 2 (approved plans), 6 (apartments EV bays), 8 (landscape), 9 (tree protection), 17 (noise attenuation), 31 (estate roads), 37 (BNG), and 38 (BNG), 43 (Site Levels - Farmhouse Area) and 45 (surface…	368	Pending Consideration
Outline planning application comprising the erection of up to 200 dwellings, with drainage, access, open space, landscaping and associated infrastructure, with all matters reserved except for access.	200	Pending Consideration
Full planning application for the erection of 173 dwellings, creation of a new access from Park Road, internal roads and car parking, provision of public open space, landscaping, SUDs attenuation ponds and drainage syste…	173	Pending Consideration
Demolition of stable buildings, erection of 98 dwellings (Use Class C3) and a retail unit (Use Class E), and associated landscaping, drainage and infrastructure.	98	Pending Consideration

Sourced from Durham County Council public register. If one of these is your scheme, we already know the context.

Gap funding for Peterlee schemes

The structure is the same one we write everywhere: 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 around 35 percent of cost to 5 or 10. Terms run 6 to 36 months, pricing is indicatively from 12 percent a year, and a complete enquiry gets a term sheet inside 48 hours. Model a Peterlee scheme with the leverage calculator, or see the wider county picture on our County Durham page and the national view in the UK development pipeline tracker.

Indicative terms in Peterlee

Loan size£250k to £5m
Combined leverageUp to 90 to 95% LTC
Term6 to 36 months
PricingFrom 12% a year
SecuritySecond charge plus PGs
DecisionTerm sheet in 48 hours

Indicative only; every loan is priced case by case.

FAQ

Mezzanine in Peterlee, answered

Do you fund developments in Peterlee?

Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Peterlee and across County Durham, typically taking combined leverage to 85 to 95 percent of cost alongside a senior facility. Where a case suits another funder better, we arrange it whole of market.

What does the Peterlee market look like right now?

Over the last 12 months Peterlee recorded 474 sales at a median of £76,000, up 8.6 percent year on year. The live planning pipeline holds 864 units with an estimated GDV of £50.3m. The figures on this page refresh as the underlying Land Registry and planning data updates.

How quickly can a Peterlee scheme get terms?

A complete enquiry gets a considered credit view and term sheet inside 48 hours, and typical enquiry to drawdown is 4 to 6 weeks, run in parallel with your senior lender.

Nearby

More County Durham markets

County Durham

Building in Peterlee?

Share the scheme and get a term sheet in 48 hours, underwritten with the same Peterlee evidence on this page.