Property Development Finance in West Sussex
West Sussex
West Sussex, along with its eastern twin is a fantastic place to live in the South East as it boasts beautiful countryside, including the South Downs National Park and High Weald National Landscape, peaceful seaside towns, and larger settlements like Chichester, Worthing, Littlehampton, Horsham, Crawley, Haywards Heath, Burgess Hill and East Grinstead.
What’s more, all of the above offer fantastic commuter links to London and other major cities like Brighton, Portsmouth and Southampton. Consequently, the county is very popular with families and professionals, as well as empty-nesters and retirees looking for something peaceful in the suburbs or the countryside. In particular, detached and semi-detached homes, with anything from 2 to 5 bedrooms are always in demand.
If you’ve identified the perfect new build or renovation project, securing financing doesn’t have to be difficult. We’ve been providing property development finance in West Sussex for over a decade, with countless successful projects and happy clients on our books.
Contact us today to find out more.
What You Need to Know about Property Development in West Sussex
Property development in West Sussex is largely subject to the same rules and regulations as the rest of the country. However, development within the South Downs National Park, High Weald National Landscape and Chichester Harbour National Landscape will likely be harder to obtain planning permission for due to conservation and sustainability legislation.
Similarly, many local authorities will have their own Neighbourhood Planning Policies which will need to be factored into your development plans. As many towns and villages in West Sussex have conservation areas in place, you will also need to check whether your proposed development will be affected.
Generally, planning applications will take between 8 and 16 weeks in West Sussex, and the statutory time limits (from the date of validation) are:
- General planning applications (e.g. most householder applications) – 8 weeks
- Applications for major development (see below) – 13 weeks
- Applications subject to an Environmental Impact Assessment – 16 weeks
Like neighbouring East Sussex, you will need to consider the council’s Great Crested Newt Policy in your planning application, as well as Land Management Guidelines and Local Distinctiveness Regulations. These are broken down into subdivisions, so it’s important to check those which are relevant to your proposed location.
Finally, due to concerns over groundwater abstraction within West Sussex, planning applications may also need to factor in Water Neutrality, depending on the location.
The West Sussex Property Market
Being in the South East, nestled between Hampshire, East Sussex and Surrey, West Sussex boasts high property and land values, with lots of demand for properties of all sizes, but particularly family homes in towns and suburbs.
West Sussex has strong train links to London Victoria and property developments in these towns are often in high demand, both locally and for those relocating from London to raise a family.
The West Coastway line runs from Littlehampton, via Hove and then north through Haywards Heath, Three Bridges and Gatwick Airport, East Croydon and Victoria. Alternatively, the Arun Valley Line runs from Chichester through Arundel, Pulborough, Horsham and Crawley before also turning north through Gatwick Airport.
Within town and city centres such as Chichester, Crawley, Horsham, Haywards Heath and East Grinstead, flats and apartments aimed at young professionals are the most popular developments. However, across much of the rest of West Sussex, 2-5 bedroom family homes tend to be in highest demand.
Property Developments We Have Financed in West Sussex
We’ve successfully financed a range of property development projects in West Sussex including flats, apartments, terraced houses and large detached family homes.
- 5 Bed Detached Property in Poynings, Brighton – £1.35m Loan
- Four Terraced Properties in Wittering, Chichester – £875k Loan
- Farm House Conversion in Yapton – £1.2m Loan
Why choose an independent broker in West Sussex?
We are unlike banks in that we lend our own funds as independent lenders. Based in West Sussex, we have a huge amount of experience in property development projects in the South East of England, meaning we can offer relevant help and advice right at the moment you need it. Not only is our development finance quicker and cheaper than banks, we are also a supportive ear who understands the challenges of the local market.
Types of Property Development Finance in West Sussex
Development Finance
Development finance for private residential property developments in the South East UK.
Equity Finance
Equity finance for property developers in return for a share of the development’s profit.
Bridging Loans
Bridging loans for developers to provide short-term finance to ‘bridge the gap in projects.
Pre-completion Loans
Pre-completion finance loans for property developments that are very close to completion.
Exit Finance
Exit finance is used to repay outstanding development finance so that it's ready for sale.
What Our Developers Have To Say
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