Housebuilders and developers have not had an easy ride over the past few years. UT Bank says that despite this, it continued to fund development projects when many other lenders withdrew funding, and over recent years it has witnessed many innovative schemes. <br> <br> Recently UT Bank was approached by an experienced property developer known to the lender to fund the purchase and development of a site in a desirable south west London area. Initially UT Bank funded the purchase and provided a short term facility whilst the client looked to amend the planning consent from a block of apartments to family housing. Based on the experience and competence of the developer, the site location and the enhanced value through the planning gain, a development loan providing 100% of construction costs, plus associated fees, with interest rolled up through the term, was agreed.<br> <br> Demand for the houses is expected to be good and this example demonstrates that sensible and profitable opportunities still exist and can be supported if the right lender is selected.<br> <br>