Specialist mezzanine finance for Greater Manchester's developers

Development gap funding across the Greater Manchester area

Across the 10 Greater Manchester towns we monitor, 480 residential units are moving through live planning applications, an estimated £140m of gross development value. Manchester recorded 4,386 sales in the last 12 months, while Altrincham carries the county's strongest pricing at a median of £368,000.

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 Greater Manchester deal. The same numbers are published openly in our UK development pipeline tracker.

Greater Manchester is a metropolitan county of ten boroughs, with Manchester its largest city and commercial heart and Salford adjacent to the west. It grew as a textile-manufacturing powerhouse during the Industrial Revolution.

The product itself works the same in Greater Manchester 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.

Greater Manchester'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 Greater Manchester, England

Stockport

445 units sit in Stockport's live planning applications, an estimated £134m of GDV. The median sold price over the last 12 months is £300,000 (up 2.7% year on year), across 3,474 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Ashton Under Lyne

15 units sit in Ashton Under Lyne's live planning applications, an estimated £2.8m of GDV. The median sold price over the last 12 months is £204,000 (down 0.5% year on year), across 2,261 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Bury

9 units sit in Bury's live planning applications, an estimated £2.1m of GDV. The median sold price over the last 12 months is £230,000 (down 1.1% year on year), across 2,008 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Wigan

9 units sit in Wigan's live planning applications, an estimated £1.6m of GDV. The median sold price over the last 12 months is £182,000 (up 1.1% year on year), across 3,688 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Oldham

2 units sit in Oldham's live planning applications, an estimated £400k of GDV. The median sold price over the last 12 months is £200,000 (up 5.3% year on year), across 2,073 recorded sales. Schemes here are underwritten against that evidence, not against optimism.