Specialist mezzanine finance for Lancashire's developers

Development gap funding across the county of Lancashire

Across the 8 Lancashire towns we monitor, 499 residential units are moving through live planning applications, an estimated £102m of gross development value, with 70 percent of decided relevant applications approved over the last 12 months. Blackpool recorded 1,889 sales in the last 12 months, while Lytham St Annes carries the county's strongest pricing at a median of £240,000.

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

Preston is the largest city and administrative centre, with the resort of Blackpool and the Lancaster-Morecambe area other major centres. Lancashire was a leading centre of the cotton industry during the Industrial Revolution.

The product itself works the same in Lancashire 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.

Lancashire'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 Lancashire, England

Chorley

245 units sit in Chorley's live planning applications, an estimated £55.0m of GDV. The median sold price over the last 12 months is £220,000 (up 3.8% year on year), across 1,363 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Lancaster

254 units sit in Lancaster's live planning applications, an estimated £47.4m of GDV. The median sold price over the last 12 months is £192,500 (down 1.3% year on year), across 1,633 recorded sales. Schemes here are underwritten against that evidence, not against optimism.