Relendex
A peer-to-peer development lender for small housebuilders, writing first-charge loans of £750k to around £10m at 9.5 to 11.25 per cent a year, with British Business Bank co-investment.
What they do
Relendex funds development and bridging through a regulated platform whose lenders are sophisticated individuals and institutions, with the British Business Bank co-investing up to a quarter of each eligible loan under a facility agreed in 2025. Pricing is published: 9.5 to 11.25 per cent a year, with an arrangement fee from one per cent and a one per cent exit fee, and discounts for repeat borrowers and sustainable schemes. Leverage runs to 90 per cent of cost and 70 per cent of gross development value, with a £2m cap on any single asset.
Where they fit in a lower-mid-market raise
Published pricing and government co-investment are both unusual in this part of the market, and together they make the cost of funds predictable for a small housebuilder. Portfolio and multi-asset structures are how a borrower reaches the top of the range, which suits a developer running several sites at once.
Where they are not the fit
A single asset cannot carry more than £2m, so a large one-site scheme is outside the model regardless of the headline maximum, and published maxima differ across the lender's own pages. An experienced developer with a track record and financial standing is required. Bridging runs a six-month minimum.
Published terms
- Pricing
- 9.50%-11.25% p.a. interest (950-1125 bps), with discounts for repeat borrowers and sustainable projects; arrangement fee from 1% (excl. procuration); exit fee 1%
- Speed to terms
- Not published
- Sponsored or sponsorless
- Corporate/developer-facing (SME housebuilders and property developers/SPVs), not private-equity sponsor LBO lending
- Where they lend
- UK-wide; targets UK housebuilders/developers, security over UK property. England & Wales confirmed via case studies (Swindon, Bath, Dalston); dedicated Scotland page exists but no explicit Scotland lending confirmation
- How they decide
- Marketplace/P2P origination: developer submits developer profile, project details (size/unit breakdown, purchase price
- Search funds and ETA
- No published route for search-fund or first-time acquirer borrowers
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
What rules a deal out
Stated limits, taken from Relendex’s own published criteria. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- Property-secured only; no loan to value/loan to gross development value cap breach - up to 90% LTC or up to 70% loan to gross development value or up to 75% GDV on development-exit
- Maximum single-asset loan £2m (portfolio/multi-asset structures can reach the £6-10m book maximum)
- Requires experienced UK developers/housebuilders with track record and financial standing
- Bridging minimum 6 months; development term up to 36 months
- Scotland coverage not explicitly confirmed on marketing pages despite a dedicated Scotland page
How they sit against the category
- Its published ceiling is £10m; 54 of the 75 property-backed lenders here go at least as high.
- 65 of the 75 publish an indicative price at all; it is one of them.
Counted across the 75 property-backed lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Relendex write?
Published facilities run £750k to £10m. A band is what a lender states it will do, not what it will do on a given credit.
Does Relendex lend to search funds or ETA buyers?
Not on the published evidence. Relendex publishes no route for search-fund or first-time acquirer borrowers. A searcher's route to a lender usually runs through the quality of the target and the equity behind it.
Where does Relendex lend?
UK-wide; targets UK housebuilders/developers, security over UK property. England & Wales confirmed via case studies (Swindon, Bath, Dalston); dedicated Scotland page exists but no explicit Scotland lending confirmation.
On the record
September 2025: British Business Bank strategic co-investment partnership — BBB co-invests up to 25% of every eligible SME-housebuilder loan (£15m commitment) on pari passu terms; managed via Farringdon Portfolio Ltd (British Business Bank press release / relendex.com news, 3 Sept 2025).
Sources: british-business-bank.co.uk
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.