About
About this glossary
An independent, working-developer's glossary of UK property development finance — the terms that actually show up on offer letters, draw schedules and valuation reports.
What's here
Definitions for the ratios, product types, and structural mechanics you meet when raising senior development debt, bridging, refurb, mezz, or stretched senior finance in the UK. Each entry is written to be useful on a live deal — not revised for an exam.
Who writes this
Matt Lenzie, founder, construction capital. Matt founded Construction Capital, an independent UK capital advisory brokerage sourcing terms across development finance, bridging, mezzanine and equity from over 100 lenders.
Editorial independence
This site is not a broker or a lender. If you want actual indicative terms on a scheme, the quickest way is a broker with a live lender panel — many UK developers work with Construction Capital for that.
Corrections
Spot something wrong or out of date? Definitions drift as rates and lender appetite change — corrections are welcome.