Specialist mezzanine finance for West Yorkshire's developers

Development gap funding across the county of West Yorkshire

Across the 8 West Yorkshire towns we monitor, 1,027 residential units are moving through live planning applications, an estimated £243m of gross development value, with 84 percent of decided relevant applications approved over the last 12 months. Leeds recorded 8,311 sales in the last 12 months, while Ilkley carries the county's strongest pricing at a median of £389,950.

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

Leeds is the largest city and a major financial centre, with Bradford the other principal city. Bradford, Halifax and Huddersfield grew through the woollen and textile industries.

The product itself works the same in West Yorkshire 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.

West Yorkshire'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 West Yorkshire, England

Leeds

517 units sit in Leeds's live planning applications, an estimated £116m of GDV. The median sold price over the last 12 months is £235,000 (flat 0% year on year), across 8,311 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Ilkley

255 units sit in Ilkley's live planning applications, an estimated £90.0m of GDV. The median sold price over the last 12 months is £389,950 (down 2.5% year on year), across 435 recorded sales. Schemes here are underwritten against that evidence, not against optimism.

Bradford

255 units sit in Bradford's live planning applications, an estimated £36.4m of GDV. The median sold price over the last 12 months is £160,000 (up 6.7% year on year), across 3,223 recorded sales. Schemes here are underwritten against that evidence, not against optimism.