West Yorkshire · Yorkshire and the Humber

Mezzanine finance for Leeds developers

Second-charge development funding to 90 to 95 percent of cost, priced against Leeds's own evidence: 8,311 recorded sales in the last 12 months and 517 units in live planning applications. We lend from our own book and arrange whole of market where that serves you better.

All of West Yorkshire

£235k

Median sold price, 12m

8,311

Sales recorded, 12m

517

Units in live applications

£116m

Estimated pipeline GDV

The Leeds 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 Leeds deal starts with the local evidence. Over the last 12 months the town recorded 8,311 sales at a median of £235,000, flat 0 percent year on year. New build stock commands a premium of about 10.6 percent over existing homes on 59 new build completions, which matters directly to how we read a developer's sales assumptions.

What Leeds stock actually sells for

Property type	Median sold price, 12m
Detached	£420,200
Semi-detached	£255,000
Terraced	£188,125
Flats	£148,500

HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.

Live planning activity at Leeds City Council

Over the last 3 months our monitors logged 13 relevant applications, 0 approved and 13 awaiting decision. Together the live residential applications propose 139 units with an estimated end value of £22.5m.

Schemes moving through planning now

Proposal	Units	Status
Change of use of the existing enclosed roof-level plant room accommodation at Phoenix House from Commercial, Business and Service use within Use Class E to form two self-contained residential dwellinghouses within Use Cl…	60	Current
Listed building application for the change of use and conversion of vacant care home to form 27 apartments and associated works	27	Current
Change of use and conversion of vacant care home to form 27 apartments and associated works	27	Current
Listed Building Application for internal and external works associated with the proposed use of first floor and second floor from class E (offices) to class C4 (residential) for multi-occupation, comprising 17 units with…	17	Current

Sourced from Leeds City Council public register. If one of these is your scheme, we already know the context.

Gap funding for Leeds 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 Leeds 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 Leeds

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.

FAQ

Mezzanine in Leeds, answered

Do you fund developments in Leeds?

Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Leeds 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 Leeds market look like right now?

Over the last 12 months Leeds recorded 8,311 sales at a median of £235,000, flat 0 percent year on year. The live planning pipeline holds 517 units with an estimated GDV of £116m. The figures on this page refresh as the underlying Land Registry and planning data updates.

Does new build stock sell at a premium in Leeds?

On the last 12 months of Land Registry data, the 59 new build sales in Leeds priced about 10.6 percent above comparable existing stock. That premium is one of the first numbers we check when we underwrite a Leeds appraisal.

How quickly can a Leeds 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.

Nearby

More West Yorkshire markets

West Yorkshire

Building in Leeds?

Share the scheme and get a term sheet in 48 hours, underwritten with the same Leeds evidence on this page.