Mezzanine finance for Glastonbury developers
Second-charge development funding to 90 to 95 percent of cost, priced against Glastonbury's own evidence: 169 recorded sales in the last 12 months and 505 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.
The Glastonbury 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 Glastonbury deal starts with the local evidence. Over the last 12 months the town recorded 169 sales at a median of £280,000, flat 0 percent year on year.
What Glastonbury stock actually sells for
| Property type | Median sold price, 12m |
|---|---|
| Detached | £450,000 |
| Semi-detached | £277,500 |
| Terraced | £250,000 |
| Flats | £147,500 |
HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.
Live planning activity at Mendip District Council (legacy portal)
Over the last 3 months our monitors logged 107 relevant applications, 0 approved and 107 awaiting decision. Together the live residential applications propose 513 units with an estimated end value of £144m.
Schemes moving through planning now
| Proposal | Units | Status |
|---|---|---|
| Approval of details reserved by condition 8 (Foul Drainage and Surface Water Drainage) on consent 2022/0614/OUT (Application for outline planning permission for erection of up to 180 dwellings with all matters reserved e… | 180 | Decided |
| Application for the demolition of all existing buildings and equipment other than Kemps Mill, which is to be retained as flexible Class E/F2 floorspace, and the erection of 110 residential dwellings (Use Class C3), toget… | 110 | Registered |
| Application for approval of reserved matters following outline approval 2021/2466/OTS & 2024/2046/VRC for the erection of up to 90 dwellings and associated access. Matters of access/appearance/landscaping/layout/scale to… | 90 | Registered |
| Approval of details reserved by condition 8 (Parking and Turning) and condition 9 (Landscaping) on consent 2018/2648/OTS (Application for Outline Planning Permission with some matters reserved for erection of up to 32 dw… | 32 | Decided |
Sourced from Mendip District Council (legacy portal) public register. If one of these is your scheme, we already know the context.
Gap funding for Glastonbury 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 Glastonbury 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 Glastonbury
- 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 Glastonbury, answered
Do you fund developments in Glastonbury?
Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Glastonbury 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 Glastonbury market look like right now?
Over the last 12 months Glastonbury recorded 169 sales at a median of £280,000, flat 0 percent year on year. The live planning pipeline holds 505 units with an estimated GDV of £142m. The figures on this page refresh as the underlying Land Registry and planning data updates.
How quickly can a Glastonbury 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.
More Somerset markets
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505 pipeline units, £169m est. GDV
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View Frome → SomersetWeston Super Mare
137 pipeline units, £42.5m est. GDV
View Weston Super Mare → SomersetBath
1,251 sales, median £429k
View Bath → SomersetBridgwater
893 sales, median £255k
View Bridgwater →Building in Glastonbury?
Share the scheme and get a term sheet in 48 hours, underwritten with the same Glastonbury evidence on this page.