Cass report: residential deals drive sharp rise in development lending

Cass Lending report 2018

Cass UK property lending report for 2017 shows 13% year-on-year rise in development lending to £8.7bn.

The respected survey, which was previously produced by De Montfort University, showed that lenders provided a total of £8.7bn of development loans in 2017, up 13% on the previous year.

Residential development accounted for the lion’s share of this total. However, the survey also revealed increased lender willingness to fund commercial developments. At the end of last year, 26 lenders provided terms for fully pre-let commercial development, up from 20 at the same point the year before.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue