RESOURCES
Development Finance Documentation Checklist
Standard documentation requirements for UK development finance lender submissions.
Obsidian Deal Ops
Development Finance Documentation Checklist
Standard requirements for UK development finance lender submissions
1. Borrower Identification
☐Photographic ID (passport or driving licence)
☐Proof of address (dated within 3 months)
☐Source of funds / source of wealth evidence
2. Corporate Borrower
☐Certificate of incorporation
☐Memorandum and articles of association
☐Latest filed accounts (2 years)
☐Directors and PSC confirmation
☐Corporate structure chart
☐Board resolution authorising the borrowing
3. Property and Security
☐Full property address and title number
☐Official copies of title (dated within 1 month)
☐Details of existing charges or restrictions
☐Valuation report or valuation instruction
☐Property photographs (interior and exterior)
☐Site plans and boundary plans
4. Planning and Permissions
☐Full planning permission (decision notice and approved drawings)
☐Conditions precedent and conditions subsequent
☐Section 106 agreement / CIL details
☐Building regulations approval
5. Professional Team
☐Architect details and PI insurance certificate
☐Structural engineer details
☐Project manager details
☐Quantity surveyor report
6. Construction
☐Detailed schedule of works
☐Build cost breakdown (itemised by trade or phase)
☐Contractor credentials and track record
☐Build programme / Gantt chart
☐Contractor warranties and insurance
7. Financial Information
☐Bank statements (3 to 6 months)
☐Proof of income or earnings
☐Credit report
☐Schedule of assets and liabilities
☐Source of deposit with supporting evidence
☐Cash flow forecast for the development
☐Draw-down schedule
☐GDV evidence (comparable sales)
☐Development appraisal
8. Exit Strategy / Sales
☐Comparable evidence supporting GDV
☐Marketing strategy
☐Pre-sales or reservations (if applicable)
☐For refinance exit: Agreement in Principle from long-term lender
9. Legal and Compliance
☐Solicitor details (name, firm, SRA number)
☐Undertaking from borrower's solicitor
☐Buildings insurance evidence
☐Contractor's all-risks insurance
☐Consent to search / credit check
10. Deal Summary
☐Deal type and purpose
☐Loan amount, LTV, and LTGDV
☐Property and site description
☐Borrower profile and development experience
☐Exit strategy rationale
☐Build cost summary and GDV