Specialist mezzanine finance for Hertfordshire's developers

Development gap funding across the county of Hertfordshire

Across the 10 Hertfordshire towns we monitor, 1,811 residential units are moving through live planning applications, an estimated £849m of gross development value, with 100 percent of decided relevant applications approved over the last 12 months. Bishops Stortford recorded 1,689 sales in the last 12 months, while Harpenden carries the county's strongest pricing at a median of £790,000.

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 Hertfordshire deal. The same numbers are published openly in our UK development pipeline tracker, where Hertfordshire currently ranks number 4 of 48 counties by pipeline value.

Hertfordshire lies immediately north of London and forms part of the London commuter belt. Watford is the largest town, with Stevenage, St Albans and Hemel Hempstead other principal centres.

The product itself works the same in Hertfordshire 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.

Hertfordshire'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 Hertfordshire, England

Hemel Hempstead

673 units sit in Hemel Hempstead's live planning applications, an estimated £304m of GDV. The median sold price over the last 12 months is £450,000 (up 2.3% year on year), across 1,604 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Bishops Stortford

491 units sit in Bishops Stortford's live planning applications, an estimated £221m of GDV. The median sold price over the last 12 months is £450,000 (up 1.1% year on year), across 1,689 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Hertford

491 units sit in Hertford's live planning applications, an estimated £221m of GDV. The median sold price over the last 12 months is £450,000 (up 0.7% year on year), across 452 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Harpenden

71 units sit in Harpenden's live planning applications, an estimated £56.0m of GDV. The median sold price over the last 12 months is £790,000 (up 5.1% year on year), across 317 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

St Albans

71 units sit in St Albans's live planning applications, an estimated £41.1m of GDV. The median sold price over the last 12 months is £582,250 (up 1.1% year on year), across 1,117 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Stevenage

9 units sit in Stevenage's live planning applications, an estimated £3.1m of GDV. The median sold price over the last 12 months is £345,000 (up 3% year on year), across 721 recorded sales. Schemes here are underwritten against that evidence, not against optimism.