Atelier Market Update

Today we’re proud to launch a series of new lending upgrades as part of a strategic plan to grow the scale and the variety of lending across the UK real estate market.

We have successfully lent £400m since the business launched in January 2020, and currently have £250m of assets under management. With a total lending capacity of £500m, we are raising our maximum loan size to £40m - up from its previous ceiling of £20m.

In addition, we are adding increased flexibility and new options to our offering, including:
• An extension of the maximum loan term to three years
• The introduction of our first ever variable rate loans linked to base rate.
• The introduction of fixed-rate finance at 55% and 60% LTV, whilst maintaining market-leading terms at 65% and 70% LTV.

Graham Emmett, Joint CEO at Atelier, commented:

“Over the past three years, Atelier has cemented its position as an institutional grade lender, delivering £400m of development finance solutions and establishing strong relationships with our valued network of intermediaries and professional SME developers across the UK.

“We’ve done this by assembling an exceptional team of real estate finance professionals, and then investing in both our people and our technology to support high-touch, high-value relationships right across the real estate community.

“While the market is facing mounting headwinds, our strong liquidity profile and intelligent balance sheet management have allowed us to maintain our fixed rate offering at existing pricing, despite the Bank of England’s recent decision to raise base rate. Our appetite to fund well-structured development opportunities remains as keen as ever.”

Chris Gardner, Joint CEO at Atelier, added:

“Atelier’s strong growth is a testament to the skill and dedication of our team, and to the enterprise of our borrowers. We’ve invested in our brand and in understanding what customers want from their development lender of choice – a trusted, expert partner able to provide certain deal execution, a competitive interest rate and ongoing support, right through to the successful completion of their scheme.

“Right from the start, we’ve been determined that our finance should deliver more than just bricks and mortar. That’s why we’ve focused on funding developments that leave a positive legacy for their local community, and why we created the Carbonlite Challenge, our pioneering sustainable finance solution that incentivises developers to build greener, more sustainable homes by offering highly competitive rates of interest.”