Essex · East of England

Mezzanine finance for Basildon developers

Second-charge development funding to 90 to 95 percent of cost, priced against Basildon's own evidence: 1,990 recorded sales in the last 12 months and 103 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.

All of Essex

£355k

Median sold price, 12m

1,990

Sales recorded, 12m

103

Units in live applications

£36.6m

Estimated pipeline GDV

The Basildon 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 Basildon deal starts with the local evidence. Over the last 12 months the town recorded 1,990 sales at a median of £355,000, up 1.4 percent year on year. New build stock commands a premium of about 46.7 percent over existing homes on 6 new build completions, which matters directly to how we read a developer's sales assumptions.

What Basildon stock actually sells for

Property type	Median sold price, 12m
Detached	£571,000
Semi-detached	£410,000
Terraced	£325,000
Flats	£190,500

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

Live planning activity at Basildon Borough Council

Over the last 3 months our monitors logged 28 relevant applications, 0 approved and 28 awaiting decision. Together the live residential applications propose 233 units with an estimated end value of £82.7m.

Schemes moving through planning now

Proposal	Units	Status
Reserved Matters following the Granting of Outline application 24/00980/OUT for the demolition of existing buildings for the erection of up to 130 dwellings (Use Class C3) (including market and affordable dwellings) with…	130	Awaiting decision
Outline planning application for up to 95 residential dwellings, vehicular access off Glebe Road, pedestrian and cyclist access off Orchard Avenue and provision of public open space with associated landscape planting wit…	95	Awaiting decision
Permission in principle for infill development of up to 3 residential dwellings.	3	Awaiting decision
Erection of three self-build single storey dwellings	3	Awaiting decision

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

Gap funding for Basildon 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 Basildon scheme with the leverage calculator, or see the wider county picture on our Essex page and the national view in the UK development pipeline tracker.

Indicative terms in Basildon

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 Basildon, answered

Do you fund developments in Basildon?

Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Basildon and across Essex, 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 Basildon market look like right now?

Over the last 12 months Basildon recorded 1,990 sales at a median of £355,000, up 1.4 percent year on year. The live planning pipeline holds 103 units with an estimated GDV of £36.6m. The figures on this page refresh as the underlying Land Registry and planning data updates.

Does new build stock sell at a premium in Basildon?

On the last 12 months of Land Registry data, the 6 new build sales in Basildon priced about 46.7 percent above comparable existing stock. That premium is one of the first numbers we check when we underwrite a Basildon appraisal.

How quickly can a Basildon 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.

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Building in Basildon?

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