Mezzanine finance for Bath developers
Second-charge development funding to 90 to 95 percent of cost, priced against Bath's own evidence: 1,251 recorded sales in the last 12 months. We lend from our own book and arrange whole of market where that serves you better.
The Bath 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 Bath deal starts with the local evidence. Over the last 12 months the town recorded 1,251 sales at a median of £429,000, up 0.9 percent year on year.
What Bath stock actually sells for
| Property type | Median sold price, 12m |
|---|---|
| Detached | £752,500 |
| Semi-detached | £482,000 |
| Terraced | £415,000 |
| Flats | £301,000 |
HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.
Gap funding for Bath 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 Bath scheme with the leverage calculator, or see the wider county picture on our Somerset page and the national view in the UK development pipeline tracker.
Indicative terms in Bath
- 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.
Mezzanine in Bath, answered
Do you fund developments in Bath?
Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Bath and across Somerset, 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 Bath market look like right now?
Over the last 12 months Bath recorded 1,251 sales at a median of £429,000, up 0.9 percent year on year. The figures on this page refresh as the underlying Land Registry and planning data updates.
How quickly can a Bath 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.
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Share the scheme and get a term sheet in 48 hours, underwritten with the same Bath evidence on this page.