Mezzanine finance for Wakefield developers
Second-charge development funding to 90 to 95 percent of cost, priced against Wakefield's own evidence: 1,471 recorded sales in the last 12 months. We lend from our own book and arrange whole of market where that serves you better.
The Wakefield 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 Wakefield deal starts with the local evidence. Over the last 12 months the town recorded 1,471 sales at a median of £217,500, up 1.2 percent year on year. New build stock commands a premium of about 21.4 percent over existing homes on 26 new build completions, which matters directly to how we read a developer's sales assumptions.
What Wakefield stock actually sells for
| Property type | Median sold price, 12m |
|---|---|
| Detached | £355,000 |
| Semi-detached | £220,000 |
| Terraced | £157,500 |
| Flats | £103,000 |
HM Land Registry price paid data, trailing 12 months, refreshed 5 July 2026.
Gap funding for Wakefield 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 Wakefield 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 Wakefield
- 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 Wakefield, answered
Do you fund developments in Wakefield?
Yes. We lend second-charge mezzanine on residential and mixed-use schemes in Wakefield 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 Wakefield market look like right now?
Over the last 12 months Wakefield recorded 1,471 sales at a median of £217,500, up 1.2 percent year on year. The figures on this page refresh as the underlying Land Registry and planning data updates.
Does new build stock sell at a premium in Wakefield?
On the last 12 months of Land Registry data, the 26 new build sales in Wakefield priced about 21.4 percent above comparable existing stock. That premium is one of the first numbers we check when we underwrite a Wakefield appraisal.
How quickly can a Wakefield 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 Wakefield evidence on this page.