East Riding of Yorkshire · Yorkshire and the Humber

Mezzanine finance for Hull developers

Second-charge development funding to 90 to 95 percent of cost, priced against Hull's own evidence: 2,700 recorded sales in the last 12 months and 230 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.

All of East Riding of Yorkshire

£130k

Median sold price, 12m

2,700

Sales recorded, 12m

230

Units in live applications

£28.2m

Estimated pipeline GDV

The Hull 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 Hull deal starts with the local evidence. Over the last 12 months the town recorded 2,700 sales at a median of £130,000, flat 0 percent year on year. New build stock commands a discount of about 7.6 percent to existing homes on 13 new build completions, which matters directly to how we read a developer's sales assumptions.

What Hull stock actually sells for

Property type	Median sold price, 12m
Detached	£242,750
Semi-detached	£160,000
Terraced	£116,000
Flats	£78,739

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

Live planning activity at Hull City Council

Over the last 3 months our monitors logged 27 relevant applications, 1 approved and 26 awaiting decision, an approval rate of 100 percent on decided cases. Together the live residential applications propose 194 units with an estimated end value of £23.5m.

Schemes moving through planning now

Proposal	Units	Status
Erection of 119 dwellings, public open space, sustainable drainage solutions and associated infrastructure.	119	Pending Consideration
Discharge of conditions for 20/01495/FULL - Erection of 34 dwellings and associated provision of public open space, infrastructure and landscaping (Amended Plans received) - condition 25	34	Unknown
Change of use of large HMO to 25 apartments (use class 3) including the erection of a first floor extension and external changes	25	Pending Consideration
Discharge of condition 2 of approval ref. 25/00060/FULL - Erection of a two storey building to provide 8 flats with associated parking and amenity space	8	Pending Consideration

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

Gap funding for Hull 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 Hull scheme with the leverage calculator, or see the wider county picture on our East Riding of Yorkshire page and the national view in the UK development pipeline tracker.

Indicative terms in Hull

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 Hull, answered

Do you fund developments in Hull?

Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Hull and across East Riding of Yorkshire, 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 Hull market look like right now?

Over the last 12 months Hull recorded 2,700 sales at a median of £130,000, flat 0 percent year on year. The live planning pipeline holds 230 units with an estimated GDV of £28.2m. The figures on this page refresh as the underlying Land Registry and planning data updates.

Does new build stock sell at a premium in Hull?

On the last 12 months of Land Registry data, the 13 new build sales in Hull priced about 7.6 percent below comparable existing stock. That premium is one of the first numbers we check when we underwrite a Hull appraisal.

How quickly can a Hull 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 East Riding of Yorkshire markets

East Riding of Yorkshire

Building in Hull?

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