Mezzanine finance for Ilkley developers
Second-charge development funding to 90 to 95 percent of cost, priced against Ilkley's own evidence: 435 recorded sales in the last 12 months and 255 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.
The Ilkley 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 Ilkley deal starts with the local evidence. Over the last 12 months the town recorded 435 sales at a median of £389,950, down 2.5 percent year on year.
What Ilkley stock actually sells for
| Property type | Median sold price, 12m |
|---|---|
| Detached | £631,925 |
| Semi-detached | £397,475 |
| Terraced | £325,500 |
| Flats | £230,000 |
HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.
Live planning activity at City of Bradford
Over the last 3 months our monitors logged 181 relevant applications, 18 approved and 158 awaiting decision, an approval rate of 78 percent on decided cases. Together the live residential applications propose 246 units with an estimated end value of £86.5m.
Schemes moving through planning now
| Proposal | Units | Status |
|---|---|---|
| Creation of 119 residential units from level 2-8 including 84 one bedroom units and 35 two bedroom units and associated corridor/circulation space. | 119 | Pending Consideration |
| Conversion of Class E(g)(i) offices to 22 residential apartments | 22 | Pending Consideration |
| Conversion of first floor office accommodation to 6 to 9 residential apartments | 9 | Pending Consideration |
| Construction of 9 no. dwellings consisting of 8 no. three bed semi-detached dwellings and 1 no. four bed detached dwelling. | 9 | Pending Consideration |
Sourced from City of Bradford public register. If one of these is your scheme, we already know the context.
Gap funding for Ilkley 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 Ilkley scheme with the leverage calculator, or see the wider county picture on our West Yorkshire page and the national view in the UK development pipeline tracker.
Indicative terms in Ilkley
- 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 Ilkley, answered
Do you fund developments in Ilkley?
Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Ilkley and across West Yorkshire, 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 Ilkley market look like right now?
Over the last 12 months Ilkley recorded 435 sales at a median of £389,950, down 2.5 percent year on year. The live planning pipeline holds 255 units with an estimated GDV of £90.0m. The figures on this page refresh as the underlying Land Registry and planning data updates.
How quickly can a Ilkley 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 West Yorkshire markets
Leeds
517 pipeline units, £116m est. GDV
View Leeds → West YorkshireBradford
255 pipeline units, £36.4m est. GDV
View Bradford → West YorkshireDewsbury
460 sales, median £171k
View Dewsbury → West YorkshireHalifax
2,652 sales, median £188k
View Halifax → West YorkshireHuddersfield
2,103 sales, median £200k
View Huddersfield →Building in Ilkley?
Share the scheme and get a term sheet in 48 hours, underwritten with the same Ilkley evidence on this page.