Lower Rates Have Not Restored Development
Lower interest rates cannot resolve every constraint on development viability. Where margins remain thin, the funding case needs to show enough contingency, a credible exit and how the scheme will absorb delay.
Lenders Aren’t Rejecting The Project
Residential development viability now rests on different cost, interest and planning assumptions. Schemes progress when sponsors rebuild the funding case around current conditions and show how the numbers hold together.