Specialist mezzanine finance for Somerset's developers

Development gap funding across Somersetshire

Across the 8 Somerset towns we monitor, 1,652 residential units are moving through live planning applications, an estimated £512m of gross development value. Weston Super Mare recorded 2,888 sales in the last 12 months, while Bath carries the county's strongest pricing at a median of £429,000.

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 Somerset deal. The same numbers are published openly in our UK development pipeline tracker, where Somerset currently ranks number 12 of 48 counties by pipeline value.

Bath is the largest city, with Taunton the county town and Yeovil, Weston-super-Mare and Wells other principal settlements. The landscape ranges from the low-lying Somerset Levels to the Mendip and Quantock Hills and Exmoor National Park in the west.

The product itself works the same in Somerset 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.

Somerset'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 the county of Somerset

Wells

505 units sit in Wells's live planning applications, an estimated £169m of GDV. The median sold price over the last 12 months is £335,000 (up 1.5% year on year), across 243 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Frome

505 units sit in Frome's live planning applications, an estimated £159m of GDV. The median sold price over the last 12 months is £316,000 (down 3.7% year on year), across 474 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Glastonbury

505 units sit in Glastonbury's live planning applications, an estimated £142m of GDV. The median sold price over the last 12 months is £280,000 (flat 0% year on year), across 169 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Weston Super Mare

137 units sit in Weston Super Mare's live planning applications, an estimated £42.5m of GDV. The median sold price over the last 12 months is £310,000 (down 1.6% year on year), across 2,888 recorded sales. Schemes here are underwritten against that evidence, not against optimism.