Hampshire · South East England

Mezzanine finance for Fleet developers

Second-charge development funding to 90 to 95 percent of cost, priced against Fleet's own evidence: 1,102 recorded sales in the last 12 months and 165 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.

All of Hampshire

£448k

Median sold price, 12m

1,102

Sales recorded, 12m

165

Units in live applications

£73.9m

Estimated pipeline GDV

The Fleet 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 Fleet deal starts with the local evidence. Over the last 12 months the town recorded 1,102 sales at a median of £447,750, down 4.7 percent year on year. New build stock commands a premium of about 9 percent over existing homes on 15 new build completions, which matters directly to how we read a developer's sales assumptions.

What Fleet stock actually sells for

Property type	Median sold price, 12m
Detached	£665,000
Semi-detached	£470,000
Terraced	£373,500
Flats	£225,000

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

Live planning activity at Hart District Council

Over the last 3 months our monitors logged 45 relevant applications, 0 approved and 45 awaiting decision. Together the live residential applications propose 178 units with an estimated end value of £78.1m.

Schemes moving through planning now

Proposal	Units	Status
Request for Screening Opinion (Town and Country Planning Environmental Impact Assessment) Regulations 2017 (as amended) to confirm if there is a requirement for an Environmental Impact Assessment (EIA) to accompany a pla…	143
Non-material amendment to planning permission 26/00199/AMCON dated 21/04/26 (variation of conditions attached to 9 dwelling scheme allowed under appeal ref. 3367726 dated 18/11/25) to remove tile hanging to various eleva…	9
Minor amendment to changes to the roof design pursuant to 25/01450/FUL - Erection of 6 dwellings with associated works including relocated access to the public highway together with associated car parking, cycle and refu…	6
Erection of five dwellings with access onto Thackhams Lane with associated parking, landscaping and other associated works	5

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

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

Indicative terms in Fleet

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 Fleet, answered

Do you fund developments in Fleet?

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

Over the last 12 months Fleet recorded 1,102 sales at a median of £447,750, down 4.7 percent year on year. The live planning pipeline holds 165 units with an estimated GDV of £73.9m. The figures on this page refresh as the underlying Land Registry and planning data updates.

Does new build stock sell at a premium in Fleet?

On the last 12 months of Land Registry data, the 15 new build sales in Fleet priced about 9 percent above comparable existing stock. That premium is one of the first numbers we check when we underwrite a Fleet appraisal.

How quickly can a Fleet 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 Hampshire markets

Hampshire

Building in Fleet?

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