Our approach to property finance
Since our launch in September 2015, we’ve been fortunate enough to work with some of the UK’s most ambitious and successful property developers and investors. Our loans have helped finance a range of projects, including: care homes, student accommodation, serviced apartments, co-working and co-living spaces, and properties for first-time buyers. We have also provided finance for land acquisitions, planning gains, PRS, vendor loan notes, PIK toggles and refinancing, enabling our borrowers to achieve maximum value for the units rather than being forced to sell in a short timeframe.
We provide flexible repayments terms based on the build programme
We aim to provide fast decisions and ensure that developers are kept up to date throughout the credit process
We invite borrowers to our credit committees to discuss their property development and investment plans directly with the decision makers
Our property
investment loans
We provide funding for individuals or businesses who invest in property-to-let. For property investment loans, we provide up to 75% of the value, depending on underlying cashflow. For property development loans, we provide up to 75% loan-to-cost and 65% loan-to-gross-development value.
Where constrained by leverage or loan quantum, we have introduced funding partners to structure a facility that meets the borrower’s requirements. We have also worked with other lenders when they have approached us to participate in their transactions.
What our clients say
Jo Allen – Chief Executive of Frogmore
“It was a pleasure working with OakNorth – we’re no strangers to securing debt finance for large scale projects, but this experience was one of the most simplest and stress-free transactions we’ve concluded.”
Mark Booth – Managing Director of Hayfield
“This new capital structure will enable Hayfield to quickly lose the newcomer badge and will allow us to realise our aspiration to become an established medium-sized institutional quality housebuilder of note.”
Dominic David – Managing Director of Mumbles Group
“Our approach is to build strong relationships with our clients and ensure we have a thorough understanding of their business needs from the point of project inception. This is the same approach taken by the team at OakNorth Bank who took the time to get to know our business and design a bespoke facility for our needs.”
Get in touch with our team
If you’d like to discuss your property development or investment plans with us, please complete this form and one of our property finance directors will give you a call. Alternatively, please visit our contact page for details of how to get in touch.