Close Brothers Property Finance
Specialist LenderClose Brothers Property Finance is the property lending arm of Close Brothers Limited. It provides development finance that explicitly includes student accommodation / PBSA, alongside family housing, flatted schemes and mixed-use. This is development debt on student blocks, not HMO mortgages.
About Close Brothers Property Finance
Close Brothers Property Finance is a trading style of Close Brothers Limited, a subsidiary of Close Brothers Group plc. Close Brothers Limited is authorised by the PRA and regulated by the FCA and PRA (FRN 124750). The registered office is 10 Crown Place, London EC2A 4FT, with further offices in Manchester, Edinburgh and Belfast. The property-finance business has lent to SME developers since 1975.
Development finance is offered to experienced professionals for residential and related schemes, and the published development list includes student accommodation alongside family housing, flatted schemes, mixed-use, retirement and housing association projects. Typical development parameters include loans from £750,000, around 60% of GDV, 12 to 18 month terms and up to about 85% of cost. Close Brothers has completed PBSA development facilities — including a reported £10 million facility for 96 student units in the South East — and in 2025 launched a structured-finance team to grow PBSA and build-to-rent lending.
This is development and commercial investment debt for professional developers. It is not a consumer HMO mortgage on a converted student house. Loans are not suitable for owner-occupiers.
Lending Focus
Close Brothers Property Finance offers mortgage products across 4 categories including Commercial, Bridging, Development and 1 more.
Key Features
- Published development list includes student accommodation / PBSA
- Development loans from £750,000, typically around 60% of GDV
- Structured-finance team expanding PBSA and build-to-rent lending
- Offices in London, Manchester, Edinburgh and Belfast
- PRA/FCA-authorised bank group (Close Brothers Limited, FRN 124750)
Pros & Cons
Pros
- Bank-group lender with an explicit student accommodation development box
- Lower minimum loan than the largest institutional PBSA desks
- National coverage including Scotland
- Can consider third-party mezzanine alongside senior
Cons
- –Development LTV is typically around 60% of GDV — more equity than some stretch-senior desks
- –Aimed at experienced developers, not first-time landlords
- –Not an HMO mortgage product for converted student houses
Fees & Charges
- Arrangement Fee
- By arrangement — see Close Brothers tariff of charges
- Valuation Fee
- Independent valuation required
Mortgage Rates
Rate data coming soon. View rates on Close Brothers Property Finance
| Product | Initial Rate | Type | Initial Term | Revert Rate |
|---|---|---|---|---|
| 2 Year Fixed | TBC | Fixed | 24 months | TBC |
| 5 Year Fixed | TBC | Fixed | 60 months | TBC |
| Tracker | TBC | Variable | 24 months | TBC |
Application Process
- Processing Time
- Development credit — often several weeks; some PBSA facilities have completed in around six weeks from credit approval
- Online DIP
- No — via broker or branch
- Offer Valid For
- As set out in the facility letter
Lending Criteria
- Maximum LTV
- 60%
- Min Loan Amount
- £750k
- Rate Types
- variable
Frequently Asked Questions
Does Close Brothers Property Finance lend on PBSA?
Is this an HMO mortgage?
What size development loans are available?
Who is the legal lender?
How to Apply
Broker only. Close Brothers Property Finance products are available through mortgage brokers. Find a broker with Close Brothers Property Finance on their panel.
Similar Lenders
View all lenders| Name | Niches | Type | Max LTV |
|---|---|---|---|
| Albatross Capital | Commercial, Bridging, Development+1 | Specialist | 75% |
| Atelier Finance | Commercial, Bridging, Development+1 | Specialist | 70% |
| BIG Property Finance | Commercial, Bridging, Development+1 | Specialist | 75% |
| Buzz Capital | Commercial, Bridging, Development+1 | Specialist | 75% |
Related Articles
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Important: Your home may be repossessed if you do not keep up repayments on your mortgage. Information on this page is for general guidance only and does not constitute financial advice. Always verify lender details directly and seek independent advice before making financial decisions.
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